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TRANSPORT WORKERS UNION OF AMERICA LOCAL 100 AFL-CIO v. SCHWARTZ

32 A.D.3d 710 (2006)

821 N.Y.S.2d 53

TRANSPORT WORKERS UNION OF AMERICA LOCAL 100 AFL-CIO et al., Appellants, v. ALAN G. SCHWARTZ et al., Respondents, et al., Defendants. (Action No. 1.) TRANSPORT WORKERS UNION OF AMERICA LOCAL 100 AFL-CIO et al., Appellants-Respondents, v. RICHARD L. O'HARA, Respondent-Appellant. (Action No. 2.)

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

September 14, 2006.

On February 21, 1985, plaintiff Transport Workers Union of America Local 100 AFL-CIO (collectively, with its coplaintiffs, TWU) entered into a final agreement to sell its real property at 1980 Broadway in Manhattan to Stephen M. Ross, in exchange for consideration (comprising cash and another building, 80 West End Avenue) worth $13.5 million. This transaction (the Exchange Transaction) closed on March 12, 1985. The real property portion of the Exchange Transaction was structured...

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