Sosnoff v. Carter
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Asch, J.
During the booming 1980’s, sophisticated and successful real estate developer Jason Carter entered into a partnership agreement with a wealthy investor and money manager Martin SosnofF to build a large residential project in Manhattan. Before their venture came to final fruition, the market crash of 1987 took place. Carter alleges that SosnofF as a result repudiated his partnership obligations. Carter asserts that Faced with financial ruin, he was Forced to agree to a transformation oF SosnofFs equity investment into a debt and to give SosnofF a note for this…
2Cases cited7 opinions
- Sillman v. Twentieth Century-Fox Film Corp.New York Court of Appeals · 1957
- Austin Instrument, Inc. v. Loral Corp.New York Court of Appeals · 1971
- 805 Third Ave. Co. v. M.W. Realty AssociatesNew York Court of Appeals · 1983
- Baratta v. KozlowskiAppellate Division of the Supreme Court of the State of New York · 1983
- Bethlehem Steel Corp. v. SolowAppellate Division of the Supreme Court of the State of New York · 1978
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3Cited by29 opinions
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- Friends Lumber, Inc. v. Cornell Development Corp.Appellate Division of the Supreme Court of the State of New York · 1997
- U S West Financial Services, Inc. v. TollmanDistrict Court, S.D. New York · 1992
- In re GuttenplanAppellate Division of the Supreme Court of the State of New York · 1995
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