Pappas v. Tzolis
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Plaintiffs and defendant Steve Tzolis formed defendant Vrahos LLC for the specific purpose of entering into a long-term lease on a building in Manhattan. Vrahos was created as a Delaware limited liability company, although the operating agreement expressly provided that the agreement was governed by New York law. The lease, which commenced in January 2006, required the payment of a security deposit of $1,192,500 and personal guarantees from Tzolis and plaintiff Steve Pappas. The operating agreement specified that Tzolis would advance the security deposit. It further provided that, as…
2Cases cited13 opinions
- Leon v. MartinezNew York Court of Appeals · 1994
- 511 West 232nd Owners Corp. v. Jennifer Realty Co.New York Court of Appeals · 2002
- Carvel Corp. v. NoonanNew York Court of Appeals · 2004
- Centro Empresarial Cempresa S.A. v. América Móvil, S.A.B. de C.V.New York Court of Appeals · 2011
- NBT Bancorp Inc. v. Fleet/Norstar Financial Group, Inc.New York Court of Appeals · 1996
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3Cited by6 opinions
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- Segal v. CooperAppellate Division of the Supreme Court of the State of New York · 2012
- Kafa Investments, LLC v. 2170-2178 Broadway, LLCNew York Supreme Court · 2013
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