Decisions of Interest
Tringas v. Shapiro et al
One of our clients found himself in the unusual position of a DISAPPEARING PARTNER. Initially, three individuals purchased an uptown property in their own names and subsequently transferred ownership of the property to a partnership. This occurred approximately seventeen years ago. After a "rough" period, one of the partners was bought out and the other partner "disappeared". The remaining partner operated the property for a number of years and then eventually took in new partners and transferred title to an LLC. After a thirteen-year absence the partner who had disappeared commenced a Supreme Court lawsuit seeking a declaration of his rights as a partner, for an accounting, and directing a sale of the building.
We defended the lawsuit successfully and the matter was dismissed, after a bench trial before J.H.O. Ira Gammerman.