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FERNDALE CORP. v. SCHULMAN URBAN DEV. ASSOCIATES

90 Civ. 1483 (GLG), 90 Civ. 3248 (GLG).

758 F.Supp. 861 (1990)

FERNDALE CORPORATION, Plaintiff, v. SCHULMAN URBAN DEVELOPMENT ASSOCIATES, Schulman Master Limited Partnership I, Schulman Management Corporation, Lowell Schulman, Robert Schulman, H. Guy Leibler, Douglas Ramsey, John Doe, and Richard Doe, Defendants. SCHULMAN MASTER LIMITED PARTNERSHIP I, Plaintiff, v. FERNDALE CORPORATION, Defendant.

United States District Court, S.D. New York.

November 1, 1990.

Attorney(s) appearing for the Case

Weingrad & Weingrad, P.C., New York City (Stephen A. Weingrad, of counsel), for Ferndale Corp.

Willkie Farr & Gallagher, New York City (Benito Romano, Sharon L. Schneier, of counsel), for Schulman Urban Development Associates, Schulman Master Ltd. Partnership I, Schulman Management Corp., Lowell Schulman, Robert Schulman, H. Guy Leibler, Douglas Ramsey, John Doe, and Richard Doe.

OPINION

GOETTEL, District Judge:

I. FACTS

Schulman Urban Development Associates, whose successor in interest is Schulman Master Limited Partnership I,1 entered into a commercial lease agreement with Ferndale Corporation ("Ferndale") on March 31, 1984. This contract provided that Ferndale would lease a portion of the third floor of a commercial building located at 170 Hamilton Avenue, White Plains, New York, for approximately...

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