In this partnership dispute, the court, upon finding that plaintiff partner Vincent P. Iannazzo had fraudulently transferred Florida real estate purchased with partnership funds, properly declared the transfer null and void ab initio. In view of the lis pendens filed against the property prior to its transfer, the nonparty transferee was bound by the proceedings determining, inter alia, the partners' respective rights to the subject property (see CPLR 6501; Intermediary...
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