PHOENIX GARDEN REST., INC. v. CHU


234 A.D.2d 233 (1996)

651 N.Y.S.2d 510

Phoenix Garden Restaurant, Inc., et al., Respondents, v. Joseph Chu et al., Appellants

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

December 31, 1996


Plaintiffs, who operated a restaurant in an arcade on Elizabeth Street in Manhattan's Chinatown section, allege that their successful business was ruined when their landlords embarked upon an ill-conceived plan for comprehensive renovation of the commercial premises. Defendant bank, which loaned to plaintiffs the "key money" called for by the landlords, is alleged to be under the landlords' control, and thus a part of the fraudulent scheme.

Along with their note of...

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