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CITIGIFTS, INC. v. PECHNIK

112 A.D.2d 832 (1985)

Citigifts, Inc., et al., Respondents, v. Samuel J. Pechnik et al., Appellants, et al., Defendants

Appellate Division of the Supreme Court of the State of New York, First Department.

August 8, 1985

The Pechniks owned and operated a card shop at One Whitehall Street, Manhattan. The business was known as Jelomax Card & Gift Corp. The principal asset of this corporation was its leasehold interest in the premises. The lease specifically prohibited the Pechniks from transferring the capital stock of Jelomax without the prior consent of the landlord (defendant One Whitehall Company).

In January 1981 plaintiff Simon...

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