ELIAS v. ORSID REALTY CORP.

Docket No. 106727/2010, Sequence No. 001.

2013 NY Slip Op 30419(U)

SIMON ELIAS and IZAK SENBAHAR, Plaintiffs v. ORSID REALTY CORPORATION and 75 EAST END OWNERS, INC., Defendants.

Supreme Court, New York County.

March 1, 2013.


DECISION AND ORDER

LUCY BILLINGS, Judge.

I. BACKGROUND

Plaintiffs, the holders of unsold shares in defendant cooperative corporation that owns the building at 75 East End Avenue, New York County, seek a declaratory judgment that sales of their shares are not subject to a "Financing Rule" adopted by the cooperative and defendant Orsid Realty Corporation, the cooperative's managing agent, and applied by the managing agent. Paragraph 38...

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