Case ID: ad2d_131/html/0351-02.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

490 Ocean Associates v Abrams.
   Motion by the plaintiff-appellant for leave to appeal to the Court of Appeals granted.

This matter, which involves a policy memorandum of the Attorney-General, providing that "buy-out” offers may not be accepted during the red herring stage of a filing for a cooperative, raises questions with respect to the Martin Act, section 352-e of the General Business Law, the State Administrative Procedure Act and consistency with the determination in People v Cull (10 NY2d 123), and deserves consideration by the Court of Appeals. Concur—Kupferman, J. P., Ross, Carro, Rosenberger and Wallach, JJ.