Legal Opinion
Asset Management & Capital Co. v. Nugent
Appellate Division of the Supreme Court of the State of New York
Decided June 21, 2011PublishedCited by 5 opinions
1Opinion of the Court
In an action, inter alia, for partition and sale of certain real property, the defendant Michael I. Nugent appeals from an or*948der of the Supreme Court, Suffolk County (Farneti, J.), dated June 22, 2010, which granted the plaintiffs’ motion to reform a stipulation of settlement dated April 2008, that he had entered into with the plaintiffs.
Ordered that the order is affirmed, with costs.
“Stipulations of settlement are favored by the courts and not lightly cast aside . . . Only where there is cause sufficient to invalidate a contract, such as fraud, collusion, [mutual] mistake or accident, will a…
2Cases cited5 opinions
- Hallock v. StateNew York Court of Appeals · 1984
- Chimart Associates v. PaulNew York Court of Appeals · 1986
- Amend v. HurleyNew York Court of Appeals · 1944
- Janowitz Bros. Venture v. 25-30 120th Street Queens Corp.Appellate Division of the Supreme Court of the State of New York · 1980
- True v. TrueAppellate Division of the Supreme Court of the State of New York · 2009
3Cited by5 opinions
- ELDRIDGE, THOMAS A. v. SHAW, VINCENT P.Appellate Division of the Supreme Court of the State of New York · 2012
- Diecidue v. RussoAppellate Division of the Supreme Court of the State of New York · 2016
- Cottam v. Global Emerging Capital Group, LLCDistrict Court, S.D. New York · 2020
- MV Realty PBC, LLC v. Innovatus CapitalCourt of Appeals for the Second Circuit · 2019
- Romano v. KellyAppellate Division of the Supreme Court of the State of New York · 2026