Stavrou v. Contogouris

Order, Supreme Court, New York County (Richard B. Lowe, III, J.), entered on or about August 8, 2006, which denied petitioners’ application to hold respondents Spyro C. Contogouris and Schanson Capital Management LLC in contempt, unanimously reversed, on the law, with costs, and the matter remanded to Supreme Court for a hearing on the contempt application.

Respondent Spyro Contogouris was the manager and officer of petitioner Frestige Holdings Inc. and its subsidiary Decana Inc., which owns an apartment building in New York City. On April 5, 2002, Contogouris was removed from all positions of…