Legal Opinion
Reinah Development Corp. v. Kaaterskill Hotel Corp.
New York Court of Appeals
Decided July 12, 1983PublishedCited by 19 opinions
1Opinion of the Court
OPINION OF THE COURT
Jasen, J.
This appeal requires us to determine whether the evidence presented in this fraud action was sufficient to justify an award of punitive or exemplary damages.
The underlying transaction involved in this action related to the sale of real property, including a hotel, located in Liberty, New York. The purchaser of the property, plaintiff Reinah Development Corp. (Reinah), intended to develop it into condominium units. When plaintiff experienced difficulty arranging financing, defendant Kaaterskill Hotel Corp. (Kaaterskill), the holder of a purchase-money second…
2Cases cited1 opinion
- Bichler v. Eli Lilly & Co.New York Court of Appeals · 1982
3Cited by19 opinions
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- Consolidated Rail Corp. v. MASP Equipment Corp.New York Court of Appeals · 1986
- Rambus, Inc. v. Infineon Technologies AGDistrict Court, E.D. Virginia · 2001
- Action House, Inc., Plaintiff-Counter-Defendant-Appellant v. Stanley Koolik, Defendant-Counter-Claimant-AppelleeCourt of Appeals for the Second Circuit · 1995
- Spano v. Kings Park Central School DistrictAppellate Division of the Supreme Court of the State of New York · 2009
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