260/261 Madison Equities Corp. v. 260 Operating, Inc.

Order, Supreme Court, New York County (Martin Schoenfeld, J.), entered September 6, 2000, which, inter alia, granted defendant’s motion for summary judgment dismissing the complaint, unanimously affirmed, without costs.

Plaintiffs sue to rescind a stipulation entered into between plaintiff 260/261 Madison Equities and defendant in open court, which stipulation purported to settle the parties’ dispute as to the amount of rent due defendant from plaintiff. The complaint, however, was properly dismissed since defendant satisfied its burden as summary judgment movant to demonstrate the absence of…