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CITIBANK, N.A. v. PRIME MOTOR INNS LIMITED PARTNERSHIP

98 N.Y.2d 743 (2002)

780 N.E.2d 503

750 N.Y.S.2d 818

In the Matter of CITIBANK, N.A., Respondent, v. PRIME MOTOR INNS LIMITED PARTNERSHIP et al., Respondents, and MARTIN W. FIELD, Appellant.

Court of Appeals of the State of New York.

Decided October 15, 2002.

Attorney(s) appearing for the Case

Epstein Becker & Green, P.C., New York City (David S. Poppick of counsel), for appellant.

Donald Pearce, New York City, for Citibank, N.A., respondent.

Daniel S. Ronan, Bellerose, for Joseph Selig and another, respondents.

Before: Chief Judge KAYE and Judges SMITH, LEVINE, CIPARICK, WESLEY, ROSENBLATT and GRAFFEO concur.

OPINION OF THE COURT

MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs.

In 1993, Citibank secured a $5.3 million judgment against Martin W. Field. Four years later, Joseph and Tremayne Selig obtained a judgment against Field in the amount of $19.5 million. Thereafter, Prime Motor Inns L.P. (PMI) offered to pay Field $500,000 to abandon his proxy fight for ownership of PMI's hotels, subject to the approval of the PMI partners...

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