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ARENA RIPARIAN LLC v. CSDS AIRCRAFT SALES & LEASING CO.

11275. 654429/18.

184 A.D.3d 509 (2020)

127 N.Y.S.3d 71

2020 NY Slip Op 03589

Arena Riparian LLC, Plaintiff, Arena Riparian (Cayman), LLC, et al., Respondents, v. CSDS Aircraft Sales and Leasing Company et al., Appellants, et al., Defendants.

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

Decided June 25, 2020.

The two remaining plaintiffs in this action, Arena Riparian (Cayman), LLC (Arena Cayman) and Arena SPV Manager, LLC (Manager), seek to hold defendants liable for damages flowing from plaintiffs' alleged failure to close on an aircraft transaction with Ethiopian Airlines Group (EAG) in 2018.

Defendants' argument that Manager has no standing to maintain its claims fails on the face of the pleading, which alleges in detail...

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