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OAKS, L.P. v. CITIBANK, N. A.

272 A.D.2d 258 (2000)

710 N.Y.S.2d 319

BRISTOL OAKS, L.P., et al., Appellants, v. CITIBANK, N. A., et al., Respondents.

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

Decided May 30, 2000.

Plaintiffs are the subsidiaries formed by the plaintiffs in the companion appeal (Steinhardt Group v Citicorp, 272 A.D.2d 255 [decided herewith]) for the actual purchase of the assets in question. The pricing model took into consideration the performance history of these loans and mortgaged properties (payments, property repairs, etc.), but also necessitated a determination of the value of the properties. The formula for determining...

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