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FUNDAMENTAL LLC v. CAMMEBY'S

No. 22.

20 N.Y.3d 438 (2013)

985 N.E.2d 893

962 N.Y.S.2d 583

2013 NY Slip Op 951

FUNDAMENTAL LONG TERM CARE HOLDINGS, LLC, et al., Appellants, v. CAMMEBY'S FUNDING LLC et al., Respondents.

Court of Appeals of New York.

Decided February 14, 2013.

Attorney(s) appearing for the Case

Arent Fox LLP, New York City ( Allen G. Reiter and Asari Aniagolu of counsel), and DLA Piper LLP (US) ( Anthony P. Coles and Shand S. Stephens of counsel) for appellants.

Dechert LLP, New York City ( Steven A. Engel and Andrew J. Levander of counsel), for respondents.

Chief Judge LIPPMAN and Judges GRAFFEO, SMITH and PIGOTT concur; Judge RIVERA taking no part.

OPINION OF THE COURT

READ, J.

This lawsuit is one of several between business entities controlled by plaintiffs Leonard Grunstein and Murray Forman and defendant Rubin Schron (see also Schron v Troutman Sanders LLP, 20 N.Y.3d 430 [2013] [decided today]). Cammeby's Funding LLC (Cam Funding) is a limited liability company managed by Schron, a real estate investor;...

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