RENK v. RENK

Index No. 652439/18. Appeal No. 12343. Case No. 2020-02765.

188 A.D.3d 502 (2020)

135 N.Y.S.3d 391

2020 NY Slip Op 06466

Kimberly Renk, Respondent, v. Richard Renk, Sr., et al., Appellants.

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

Decided November 12, 2020.


Plaintiff alleges that in 1999 her father, defendant Richard Renk Sr., agreed to lend money to her and her sister, defendant Linda Rank, to start a business in which she and Linda would each own 50%. It was agreed that initially Richard Sr. would hold plaintiff's interest in trust while plaintiff concluded her remaining obligations with her then employer. After she began working for the company, Richard Sr. promised every year to transfer the membership interest to plaintiff...

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