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CANDLEWOOD HOLDINGS, INC. v. VALLE

2014-03879, Index No. 18465/10.

134 A.D.3d 872 (2015)

23 N.Y.S.3d 266

2015 NY Slip Op 09239

CANDLEWOOD HOLDINGS, INC., et al., Appellants, v. NICANOR VALLE, JR., et al., Respondents.

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

Decided December 16, 2015.

Ordered that the order dated March 18, 2014, is affirmed, with costs.

Rosalie Moore is the owner of one third of the stock of Candlewood Holdings, Inc. (hereinafter Candlewood). The other two thirds of Candlewood's stock is owned by ANO, Inc., which is not a party to the present action. Prior to May 2000, Candlewood owned all of the stock of Cutlass Enterprises, Inc. (hereinafter Cutlass), which owned real property located at 676 Grand Concourse in the Bronx. In May...

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