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LJL 33RD STREET ASSOCIATES v. PITCAIRN PROPERTIES

Docket Nos. 11-5425-cv, 12-1382-cv.

725 F.3d 184 (2013)

LJL 33RD STREET ASSOCIATES, LLC, Plaintiff-Cross-Defendant-Appellant, v. PITCAIRN PROPERTIES INC., Defendant-Cross-Claimant-Appellee. Pitcairn Properties Inc., Plaintiff-Appellant, v. LJL 33RD Street Associates, LLC, Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided: July 31, 2013.

Argued: December 13, 2012.

Attorney(s) appearing for the Case

Theodore S. Steingut , New York, for LJL 33rd Street Associates, LLC.

Glenn A. Weiner ( Brian R. Fitzgerland , on the brief), Klehr Harrison Harvey Branzburg LLP, Philadelphia, PA, for Pitcairn Properties, Inc.

Before: LEVAL, POOLER, LIVINGSTON, Circuit Judges.

LEVAL, Circuit Judge:

LJL 33rd Street Associates, LLC ("LJL") and Pitcairn Properties Inc. ("Pitcairn"), adversaries in two related litigations in the United States District Court for the Southern District of New York (Rakoff, J.), each appeal from district court rulings. The controversy between LJL and Pitcairn arises out of LJL's exercise of its contractual option to purchase Pitcairn's ownership stake in a jointly owned high-rise luxury residential building...

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