Gilligan v. Tishman Realty & Construction Co.

The original complaint alleges that Tishman Realty & Construction Co., Inc., conveyed the premises 1070 Park Avenue to 1070 Park Avenue Corp., pursuant to a *124plan to convert it into a co-operative apartment house; and that the said plan was conceived and pursued in bad faith. As a result of an appeal upon stipulation for judgment absolute by four of the defendants, the litigation reached this court, and a judgment was ultimately entered upon the stipulation, declaring, among other things, that the plan was not entered into in good faith, that it was contrary to the laws of this State, and that…