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SCHRON v. TROUTMAN LLP

No. 23.

20 N.Y.3d 430 (2013)

986 N.E.2d 430

963 N.Y.S.2d 613

2013 NY Slip Op 952

RUBIN SCHRON et al., Plaintiffs, v. TROUTMAN SANDERS LLP et al., Defendants. MICH II HOLDINGS LLC et al., Plaintiffs, and SVCARE HOLDINGS, LLC, Appellant, v. RUBIN SCHRON et al., Defendants, and CAMMEBY'S EQUITY HOLDINGS LLC, Respondent.

Court of Appeals of New York.

Decided February 14, 2013.

Attorney(s) appearing for the Case

Zuckerman Spaeder LLP, New York City ( Paul Shechtman and Christina P. Skinner of counsel), for appellant.

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

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

OPINION OF THE COURT

GRAFFEO, J.

In this case, we conclude that the option contract at issue is valid and enforceable and that the optionor may not introduce parol evidence to import a separate obligation as consideration for the agreement. We therefore affirm the order of the Appellate Division.

Leonard Grunstein and Murray Forman manage and indirectly own plaintiff SVCare Holdings LLC (SVCare), which operates nursing homes through a subsidiary...

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