Plaintiff alleges that contrary to the terms of the proprietary lease and the manner in which defendant treated other shareholders, defendant demanded that plaintiff pay a "flip tax" on what would have been, in effect, an intrafamily gratuitous transfer, and that defendant rejected the proposed transfer because plaintiff refused to pay such flip tax. These allegations are sufficient to show that defendant's rejection of the proposed transfer was not in good faith, and is...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
