Egnotovich v. Katten Muchin Zavis & Roseman LLP
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order, Supreme Court, New York County (Bernard J. Fried, J.), entered January 24, 2008, which granted defendant law firm, the escrow agent for a real estate venture, summary judgment dismissing the complaint, unanimously affirmed, with costs.
Plaintiffs each invested $150,000 as “membership dues” in a *463business venture to acquire vacation properties for plaintiffs’ use. A portion of plaintiffs’ dues were held as a deposit in an escrow account for which defendant acted as escrow agent. In 2006, the venture failed as a going concern and lacks funds to pay plaintiffs’ damages.
Thereafter plaintiffs…
2Cases cited10 opinions
- Holy Properties Ltd. v. Kenneth Cole Productions, Inc.New York Court of Appeals · 1995
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- Phoenix Garden Restaurant, Inc. v. ChuAppellate Division of the Supreme Court of the State of New York · 1997
- Green v. RozenholcAppellate Division of the Supreme Court of the State of New York · 1986
- Liberty Management & Construction Ltd. v. Fifth Avenue & Sixty-Sixth Street Corp.Appellate Division of the Supreme Court of the State of New York · 1995
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