CHASE MANHATTAN BANK v. 264 WATER ST. ASSOCS.


174 A.D.2d 504 (1991)

Chase Manhattan Bank (National Association), Respondent, v. 264 Water Street Associates et al., Defendants, Broadstone Group, Inc., et al., Appellants, and Seville Interior Partition, Inc., et al., Respondents

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

June 20, 1991


Plaintiff commenced this action to foreclose two mortgages and to enforce certain guarantees executed in connection therewith. Plaintiff initially sued the mortgagor and guarantors, one of which was Broadstone Ownership Group, Inc. ("Broadstone Ownership"). Plaintiff thereafter served an amended complaint, adding as party defendants appellant Broadstone Group, Inc., Broadstone Ownership's parent and appellant Philip Levien, president of both corporations and controlling shareholder...

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