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STATE OF N. Y. v. RACHMANI

71 N.Y.2d 718 (1988)

State of New York, Respondent, v. Rachmani Corporation et al., Appellants, et al., Defendant.

Court of Appeals of the State of New York.

Decided June 2, 1988.

Attorney(s) appearing for the Case

Donald S. Snider, Gerald M. Levine and Randall T. Sims for appellants.

Robert Abrams, Attorney-General (Peter W. LaVigne, O. Peter Sherwood and Donna Miller of counsel), for respondent.

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

HANCOCK, JR., J.

On defendants' appeal in an enforcement action brought by the Attorney-General under the antifraud provisions of the Martin Act we must decide whether the failure to mention an unsatisfied precondition to a cooperative conversion of an apartment house constituted fraud which justified the issuance of an injunction under General Business Law § 353...

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