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KIRCHNER v. BERNARD

107111/05, 5694, 5693.

161 A.D.3d 684 (2018)

78 N.Y.S.3d 319

2018 NY Slip Op 03890

Ted A. Kirchner et al., Respondents, v. L. Raul Bernard, Also Known as Luis R. Bernard, et al., Defendants, and Michael Schneider et al., Appellants.

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

Decided May 31, 2018.

In 1999, defendant Dolores Vera commenced an action for a declaratory judgment against the sponsor and the cooperative board to enforce her contract to purchase shares of a cooperative apartment, located in a building on the Upper West Side of Manhattan, at a significantly reduced insider's price.1 The cooperative objected to the sale to Vera on the ground that she had failed to provide adequate information as to her financial stability. The parties...

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