ACF HILLSIDE, LLC v. LAMBRAKIS

2010-11990.

95 A.D.3d 794 (2012)

942 N.Y.S.2d 900

2012 NY Slip Op 3384

ACF HILLSIDE, LLC, Respondent, v. GEORGE LAMBRAKIS, as Managing Member of Eagle Realty, LLC, Appellant.

Appellate Division of the Supreme Court of New York, Second Department.

Decided May 1, 2012.


Ordered that the order is affirmed, with costs.

The plaintiff, ACF Hillside, LLC, acquired a "special member" interest in Eagle Realty, LLC (hereinafter Eagle), pursuant to Eagle's amended operating agreement (hereinafter the amended agreement). The amended agreement gave the plaintiff the authority to take control of Eagle under certain circumstances, including, inter alia, a default on either of two notes executed in connection with loans made by Archer Capital...

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