POSNER v. POSNER


280 A.D.2d 318 (2001)

720 N.Y.S.2d 465

S. PAUL POSNER, Appellant-Respondent, v. ROBERT A. POSNER, Respondent-Appellant.

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

Decided February 8, 2001.


The "Restated Partnership Agreement" contained an option that gave the remaining partners the right to buy out the interest of any partner in the event that partner were to sell, assign, transfer or encumber his or her interest in the partnership, or withdraw from the partnership, at book value. Defendant's sixth counterclaim invokes this option, claiming that plaintiff's commencement of the instant action seeking the sale of the partnership's real property, its primary asset...

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