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FERRARA v. MacARTHUR ASSOCS.

201 A.D.2d 699 (1994)

609 N.Y.S.2d 841

Joseph A. Ferrara, Sr., Appellant, v. MacArthur Associates, Respondent, et al., Defendants

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

February 28, 1994

Ordered that the order is affirmed insofar as appealed from, with costs.

After considerable litigation, the parties entered into a stipulation of settlement whereby the appellant agreed to pay specified amounts to MacArthur Associates, and certain promissory notes, referred to as Supplemental Interest Limited Partner (hereinafter SILP) notes, would be returned to the appellant. The stipulation further provided that the defendants...

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