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MADISON HUDSON ASSOCIATES LLC v. NEUMANN

44 A.D.3d 473 (2007)

843 N.Y.S.2d 589

MADISON HUDSON ASSOCIATES LLC et al., Appellants, v. JOSEPH NEUMANN et al., Respondents.

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

Decided October 18, 2007.

This action involves a dispute between members of Hudson Green, LLC (Hudson), an entity that was formed in connection with the development of a then-undeveloped parcel of land in Manhattan located at Ninth Avenue and West 13th Street (the property). Hudson's sole asset, which it acquired in April of 1999, was a 99-year leasehold interest in the property. In addition to the Neumann defendants, which owned an 85% interest in Hudson, the other member of Hudson, owning a 15%...

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