JONES v. SURREY COOP. APTS.


263 A.D.2d 33 (1999)

700 N.Y.S.2d 118

DIANE M. JONES, Respondent, v. SURREY COOPERATIVE APARTMENTS, INC., Appellant.

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

December 9, 1999.


Attorney(s) appearing for the Case

Edith Blumberg for respondent.

Kenneth H. Amorello of counsel (Schechter & Brucker, P. C., attorneys), for appellant.

NARDELLI, WALLACH, ANDRIAS and BUCKLEY, JJ., concur.


OPINION OF THE COURT

SULLIVAN, J. P.

At issue is a tenant shareholder's challenge to the fairness of a cooperative corporation's exercise, upon termination of her tenancy, of an option contained in the corporation's by-laws to repurchase the tenant's shares at book value. Plaintiff seeks to recover from the defendant cooperative corporation the market value of the 198 shares allocated to the apartment and a satisfaction of a monetary award in the sum of...

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