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SCHNEIDMAN v. TOLLMAN

261 A.D.2d 289 (1999)

691 N.Y.S.2d 58

RICHARD SCHNEIDMAN et al., Respondents-Appellants, v. STANLEY TOLLMAN et al., Appellants-Respondents, et al., Defendants.

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

Decided May 25, 1999.

In early 1985, plaintiffs and defendants Stanley Tollman, Monty Hundley, Sanford Freedman and Harvey Martin formed a limited partnership, California Days, Ltd. (Cal Days), for the purpose of acquiring and operating eight motels and developing other sites in California and Nevada. In furtherance of that purpose, the partnership entered into a purchase agreement with Days Inns of America, Inc. Defendants, however, subsequently formed another limited partnership, California...

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