Thor Properties, LLC v. Chetrit Group LLC
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
In 2007, the parties agreed to acquire jointly the Florida Westin Diplomat Hotel and a number of related facilities, including a country club, golf course, parking garage and vacant land, through a nonparty acquisition vehicle named Komar Five Associates, LLC (Komar). Komar’s bid for the property was successful, but between execution of the purchase agreement for the property and the closing, the parties’ relationship soured and they agreed to part ways. The parties arranged for defendants to purchase plaintiffs shares in Komar via a letter agreement dated July 16, 2007 (the settlement…
2Cases cited7 opinions
- Kel Kim Corp. v. Central Markets, Inc.New York Court of Appeals · 1987
- M. O'Neil Supply Co. v. Petroleum Heat & Power Co.New York Court of Appeals · 1939
- P.K. Development, Inc. v. Elvem Development Corp.Appellate Division of the Supreme Court of the State of New York · 1996
- Arc Electrical Construction Co. v. George A. Fuller Co.New York Court of Appeals · 1969
- HGCD Retail Services, LLC v. 44-45 Broadway Realty Co.Appellate Division of the Supreme Court of the State of New York · 2006
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