Case Name: 490 Ocean Associates v. Abrams
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1987-06-18
Citations: 131 A.D.2d 351
Docket Number: 
Parties: 490 Ocean Associates v Abrams.
Judges: 
Reporter: Appellate Division Reports
Volume: 131
Pages: 351–351

Head Matter:
490 Ocean Associates v Abrams.

Opinion:
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.