Avalon, LLC v. Coronet Properties Co.

Order, Supreme Court, New York County (Charles E. Ramos, J.), entered May 18, 2004, which denied the attorney defendants’ motion to dismiss plaintiffs fraudulent conveyance claims on the grounds they were barred by the statute of limitations, unanimously reversed, on the law, with costs, the motion granted and the remaining fraud causes of action against those defendants dismissed. The Clerk is directed to enter judgment accordingly.

On April 14, 1994, defendant Coronet Properties entered into an agreement with the other defendants which, inter alia, assigned Coronet’s right to any net…