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DEEP WOODS HOLDINGS LLC v. PRYOR CASHMAN LLP

1758, 652886/15.

145 A.D.3d 447 (2016)

2016 NY Slip Op 08156

43 N.Y.S.3d 27

DEEP WOODS HOLDINGS LLC, Appellant, v. PRYOR CASHMAN LLP et al., Respondents.

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

Decided December 6, 2016.

Defendant Pryor Cashman LLP represented nonparty David Lichtenstein in a transaction in which Lichtenstein was to purchase $10 million worth of stock in nonparty Park Avenue Bank. Before the transaction could close, nonparty Savings Deposit Insurance Fund of the Republic of Turkey (SDIF) sued the holder of 99% of the bank's shares and obtained a restraining order preventing any transfer of the shares (Deep Woods Holdings, L...

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