NYCTL 2012-A TRUST v. 1698 LEX CORP.

8497. 155415/13.

169 A.D.3d 577 (2019)

95 N.Y.S.3d 65

2019 NY Slip Op 01347

NYCTL 2012-A Trust et al., Plaintiffs, v. 1698 Lex Corporation, Appellant, and Tower Lexington Inc. et al., Intervenors-Respondents, et al., Defendants.

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

Decided February 26, 2019.


Defendant 1698 Lex Corp. seeks an order vacating the sale of its property at an auction held following foreclosure on a tax lien, on the ground that the price realized was unconscionably low and that the principals of intervenor defendants, Louis Zazzarino and Yossef Azour, may have improperly colluded to suppress bidding. The matter was referred to a referee to hear and report on the issue of whether Zazzarino and Azour "engaged in fraud, collusion and/or misconduct at the...

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