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SAPPHIRE INVESTMENT VENTURES, LLC v. MARK HOTEL SPONSOR LLC

15157, 600905/10.

131 A.D.3d 821 (2015)

16 N.Y.S.3d 56

2015 NY Slip Op 06695

SAPPHIRE INVESTMENT VENTURES, LLC, Plaintiff, and RUBY INVESTMENT VENTURES, INC., Respondent, v. MARK HOTEL SPONSOR LLC et al., Appellants.

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

Decided September 1, 2015.

In this action to rescind a purchase agreement and recover a down payment, the proceeding before the Attorney General (AG) was sufficiently judicial so as to warrant preclusive effect (see Coffey v CRP/Extell Parcel I, L.P., 117 A.D.3d 585 [1st Dept 2014], lv dismissed 24 N.Y.3d 934 [2014]; see also Matter of CRP/Extell Parcel I, L.P. v Cuomo, 101 A.D.3d 473

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