MLG-STRATFORD CORP. v. GRAND CRU ASSETS ONE, L. L. C.


257 A.D.2d 427 (1999)

683 N.Y.S.2d 514

MLG-STRATFORD CORP. et al., Respondents, and MORTON L. GINSBERG, Appellant, v. GRAND CRU ASSETS ONE, L. L. C., as Assignee of CHASE MANHATTAN BANK, as Trustee for Holders of DLJ MORTGAGE ACCEPTANCE CORP., MULTI-FAMILY MORTGAGE PASS-THROUGH CERTIFICATES, MF SERIES 1991-1, Defendant. ROBERT LAWRENCE, Intervenor-Respondent.

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

Decided January 12, 1999.


The complaint itself, which acknowledges that appellant has been divested of his stock interests in the borrower-plaintiffs and asserts no claims for relief on appellant's own behalf, establishes that appellant has no viable interest in this litigation. The only relief sought is on behalf of the borrower-plaintiffs, and without ownership of the stock, appellant does not describe any basis for him to act on their behalf. Moreover, appellant is precluded from challenging the...

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