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Cooperative Shareholder Granted Yellowstone Injunction

On Behalf of | Oct 9, 2022 | Uncategorized

Cooperative Shareholder Granted Yellowstone Injunction; Interest in the Proprietary Lease Remains Intact; and Court Rebuff’s the Stripping of the Shareholder’s Right to Vote

In a Court decision highlighted as a “Decision of Interest” in the New York Law Journal, the New York State, Supreme Court granted our client’s application for a ‘Yellowstone’ injunction thereby preserving her interest in a cooperative apartment located in lower Manhattan. This motion was necessitated in part, by the plaintiffs’ attempt to terminate our client’s proprietary lease as the result of an alleged failure to pay the coop’s legal fees that were incurred as the result of a prior enforcement issue, against our client. The Court’s order also invalidated certain votes of the other shareholders at shareholder meetings, who refused to count the vote of our client, and ordered that our client’s voting rights be restored, therefore preserving her voice in the management of the cooperative apartment. Learn More

Summer v. Ruckus 85 Corp. Supreme Court, New York Peter Sverd, Esq. for the motion