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PANATTONI DEV. CO., INC. v. SCOUT FUND 1-A, LP

654314/12, 4753A, 4753.

154 A.D.3d 555 (2017)

2017 NY Slip Op 07334

63 N.Y.S.3d 325

PANATTONI DEVELOPMENT COMPANY, INC., Respondent, v. SCOUT FUND 1-A, LP, et al., Defendants/Third-Party Claimants-Appellants. PANATTONI DEVELOPMENT COMPANY, INC., et al., Third-Party Defendants-Respondents.

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

Decided October 19, 2017.

Defendants/counterclaim and third-party plaintiffs (Scout) raised a triable issue of fact as to whether California State Teachers Retirement System (CalSTRS) used Principal Real Estate Investors LLC as an investment manager with respect to two joint ventures (PanCal and CP) between CalSTRS and Panattoni. Panattoni's argument that Scout has no standing to challenge CalSTRS' and Principal's interpretation of the investment management...

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