47-53 CHRYSTIE HOLDINGS LLC v. THUAN TAM REALTY CORP.

7769. 651896/15.

167 A.D.3d 405 (2018)

90 N.Y.S.3d 152

2018 NY Slip Op 08239

47-53 Chrystie Holdings LLC et al., Appellants, v. Thuan Tam Realty Corp. et al., Respondents, et al., Defendants.

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

Decided December 4, 2018.


Plaintiff Theodore Welz, through plaintiff 47-53 Chrystie Holdings LLC (Chrystie), entered into a stock purchase agreement with the individual defendants, majority shareholders of defendant Thuan Tam Realty Corp (Realty). Under the purchase agreement, plaintiffs were afforded a 20-day due diligence period, during which they could terminate the agreement, and defendants were required to give plaintiffs reasonable access to Realty's books and records and to furnish information...

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