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BADEM BLDGS. v. ABRAMS

70 N.Y.2d 45 (1987)

In the Matter of Badem Buildings,, Petitioner, v. Robert Abrams, as Attorney-General of the State of New York, Respondent. State of New York, Appellant, v. Louise Dembeck et al., Respondents, et al., Defendants.

Court of Appeals of the State of New York.

Decided June 9, 1987.

Attorney(s) appearing for the Case

Robert Abrams, Attorney-General (Peter W. LaVigne, O. Peter Sherwood and Frederick K. Mehlman of counsel), for appellant.

J. Joseph Bainton and Steven J. Riegel for Badem Buildings, respondent.

Richard Brewster for Louise Dembeck and another, respondents.

Chief Judge WACHTLER and Judges KAYE, ALEXANDER, TITONE, HANCOCK, JR., and BELLACOSA concur.

SIMONS, J.

The Attorney-General commenced this action, pursuant to article 23-A of the General Business Law (Martin Act, General Business Law §§ 352 — 359-h), alleging that defendants Louise Dembeck, Giora Neeman and Badem Buildings had engaged in a fraudulent scheme to consummate an eviction-type cooperative conversion plan by executing leases with non-bona fide, illusory tenants and by declaring...

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