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HOCHMAN v. 35 PARK WEST CORPORATION

293 A.D.2d 650 (2002)

741 N.Y.S.2d 261

AARON HOCHMAN, Appellant, et al., Plaintiff, v. 35 PARK WEST CORPORATION, Respondent.

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

Decided April 22, 2002.

Ordered that the order is affirmed, with costs.

In 1991 the plaintiff Aaron Hochman (hereinafter the plaintiff) pledged the shares of his cooperative apartment to Citibank as collateral for a business loan. After the plaintiff's company defaulted on its obligations to Citibank, the bank took possession of the collateral pledged to secure the loan, and new stock certificates and a new proprietary lease were issued to Citibank's nominee. In 1996 the plaintiff entered...

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