MEADOW STAR LLC v. MACKLOWE

4581, 603165/08.

82 A.D.3d 587 (2011)

919 N.Y.S.2d 150

MEADOW STAR LLC, Respondent, v. HARRY MACKLOWE et al., Appellants.

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

Decided March 22, 2011.


Defendants maintain that dismissal of the breach of contract claim was warranted since no equity contribution was required under the parties' agreement inasmuch as the two conditions of funding were not met. This argument fails because although section 3.1 of the partnership agreement for the proposed acquisition clearly stated that each partner was to make a $600 million capital contribution on or before November 27, 2006, the conditions under which the funding will occur...

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