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FINEMAN FAMILY LLC v. THIRD AVENUE NORTH LLC

5995, 602502/09.

90 A.D.3d 549 (2011)

936 N.Y.S.2d 132

2011 NY Slip Op 9189

FINEMAN FAMILY LLC, Respondent, v. THIRD AVENUE NORTH LLC et al., Appellants.

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

Decided December 20, 2011.

In or about February 2006, plaintiff and defendant Third Avenue North LLC formed defendant 119 Third Avenue Associates, LLC (the Company) and entered into an operating agreement for the express purpose of developing certain property into condominiums pursuant to an agreed-upon development plan. The operating agreement provided that, upon plaintiff's request, the Company would loan plaintiff up to $400,000.

In February 2007...

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