AMBASE CORPORATION v. PRYOR CASHMAN SHERMAN & FLYNN LLP


35 A.D.3d 174 (2006)

826 N.Y.S.2d 33

AMBASE CORPORATION, Appellant, v. PRYOR CASHMAN SHERMAN & FLYNN LLP et al., Respondents.

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

Decided December 5, 2006.


There is no material difference between the original and proposed amended complaints. In the original, plaintiff alleged that defendants advised that if plaintiff's opponent in the underlying action objected to plaintiff's request for reimbursement of executive bonuses from the escrow account set up in the underlying settlement agreement, an arbitrator would determine a reasonable bonus request, but that defendants never advised plaintiff of "the risks of arbitration," causing...

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