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P.A. BLDG. CO. v. ELWYN D. LIEBERMAN, INC.

227 A.D.2d 277 (1996)

642 N.Y.S.2d 300

P. A. Building Company, Respondent, v. Elwyn D. Lieberman, Inc., Formerly Known as Allan & Gray Corporation, et al., Appellants

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

May 21, 1996

This controversy arises out of the sale of the assets of defendant Allan & Gray Corporation, the tenant under a lease given by plaintiff P. A. Building Company to defendant The Alling & Cory Company. The purchaser did not assume the lease, and plaintiff sues to recover over $214,000 in accrued rent. At issue is whether the seller, Allan & Gray Corporation, received fair value for its good will.

Defendant Elwyn...

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