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315-321 REALTY CO. ASSOC., LLC v. CITY OF NEW YORK

33 A.D.3d 509 (2006)

823 N.Y.S.2d 52

315-321 REALTY CO. ASSOC., LLC, Appellant, v. CITY OF NEW YORK et al., Respondents. THIRD EQUITY OWNERS CORP., Appellant, v. CITY OF NEW YORK et al., Respondents.

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

Decided October 24, 2006.

Plaintiffs allege that as a result of a systemic bribery scheme involving New York City tax assessors and lasting many years, the properties belonging to the bribe-paying taxpayers were underassessed, causing all remaining properties in the city, including those belonging to plaintiffs, to be overassessed. The actions, insofar as based on fraud, negligence or other common-law theories, were properly dismissed for lack of standing. Plaintiffs' allegations fail to show that...

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