From Casetext: Smarter Legal Research

Prince Fashions, Inc. v. 542 Holding Corp.

Appellate Division of the Supreme Court of New York, First Department
Feb 8, 2005
15 A.D.3d 214 (N.Y. App. Div. 2005)

Opinion

5288

February 8, 2005.

Order, Supreme Court, New York County (Barbara R. Kapnick, J.), entered July 14, 2004, which, to the extent appealed from, denied plaintiff's motion for a Yellowstone injunction and denied defendant's motion to dismiss that portion of plaintiff's first amended complaint seeking an accounting for the years 1996-1998 on res judicata grounds, unanimously modified, on the law, defendant's motion granted, and otherwise affirmed, without costs.

Before: Tom, J.P., Andrias, Friedman, Sullivan and Nardelli, JJ., concur.


Plaintiff does not dispute the court's rejection of prior arguments for a Yellowstone injunction based on either defense counsel's oral agreement to extend the cure period through September 12, 2002, or the fact that the cure period did not otherwise expire until September 11, which was five days after the latest notice to cure could have been received by plaintiff upon service by both personal delivery and mail. Plaintiff's current arguments urging the timeliness of its Yellowstone application are equally unavailing. These arguments rely on inapposite authority that defendant waived reliance on the hand delivery when it took the additional step of mailing the notice to cure. Moreover, there is no merit to plaintiff's claim that defendant created ambiguity regarding the date of plaintiff's receipt and the parameters of the five-day cure period by mailing copies of the notice after defendant indisputably hand-delivered the notice to plaintiff's premises on September 5. Plaintiff's additional claim that it timely sought a Yellowstone injunction after the cure period, but before the lease was legally terminated, is contrary to well-established law that a commercial tenant may not secure Yellowstone relief after the cure period has already expired ( Daashur Assoc. v. December Artists Apt. Corp., 226 AD2d 114). Finally, we do not find, on this record, that the equities favor the avoidance of a forfeiture of this commercial tenancy.

We reverse the IAS court's order insofar as it refused to bar any and all claims concerning defendant's alleged failure to provide plaintiff with an accounting for the years 1996 to 1998. In the previous action, plaintiff voluntarily withdrew with prejudice its accounting claim for the same years, and the doctrine of res judicata now bars this accounting claim even though it is being raised in a different context ( O'Brien v. City of Syracuse, 54 NY2d 353).


Summaries of

Prince Fashions, Inc. v. 542 Holding Corp.

Appellate Division of the Supreme Court of New York, First Department
Feb 8, 2005
15 A.D.3d 214 (N.Y. App. Div. 2005)
Case details for

Prince Fashions, Inc. v. 542 Holding Corp.

Case Details

Full title:PRINCE FASHIONS, INC., Appellant-Respondent, v. 542 HOLDING CORP.…

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

Date published: Feb 8, 2005

Citations

15 A.D.3d 214 (N.Y. App. Div. 2005)
790 N.Y.S.2d 430

Citing Cases

Westside Radiology Assocs., P.C. v. St. Luke's-Roosevelt Hosp. Ctr.

This relief is designed to prevent the unjust or premature termination of a valuable leasehold interest, so…

Prince Fashions, Inc. v. 60G 542 Broadway Owner LLC

Plaintiff is not entitled to a Yellowstone injunction as the period to cure has expired. It is well settled…