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SPECTRUM STAMFORD, LLC v. 400 ATLANTIC TITLE, LLC

7027N, 650635/18, 640/18.

162 A.D.3d 615 (2018)

81 N.Y.S.3d 5

2018 NY Slip Op 04853

Spectrum Stamford, LLC, Appellant, v. 400 Atlantic Title, LLC, Respondent.

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

Decided June 28, 2018.

Defendant 400 Atlantic Title, LLC entered into a loan agreement whereby it borrowed $235 million from a bank, and subsequently defaulted on the loan at the maturity date. Plaintiff Spectrum Stamford, LLC, the assignee of the loan, now seeks to enforce a contractual right under a loan agreement to replace the current property manager with a property manager of its choosing, CBRE, Inc. The preliminary injunction seeks to enjoin defendant...

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