Opinion
11508N Index 653483/18
05-14-2020
Joseph P. RITORTO, Plaintiff–Appellant, v. Larry A. SILVERSTEIN, et al., Defendants–Respondents.
Emery Celli Brinckerhoff & Abady LLP, New York (Daniel J. Kornstein of counsel), for appellant. Friedman Kaplan Seiler & Adelman LLP, New York (Jeffrey R. Wang of counsel), for respondents.
Emery Celli Brinckerhoff & Abady LLP, New York (Daniel J. Kornstein of counsel), for appellant.
Friedman Kaplan Seiler & Adelman LLP, New York (Jeffrey R. Wang of counsel), for respondents.
Richter, J.P., Oing, Singh, Moulton, JJ.
Order, Supreme Court, New York County (Saliann Scarpulla, J.), entered on or about March 13, 2019, which granted defendants' motion to stay the action pending arbitration of the issue, and denied plaintiff's cross motion to stay the arbitration, unanimously affirmed, with costs.
This action, asserting claims to cash distributions from plaintiff's beneficial interest in defendant Silverstein Development Corporation's interest in 7 World Trade Center Company, requires interpretation and enforcement of a 2005 settlement agreement between the parties, which includes a provision mandating arbitration of "[a]ny action to enforce any provision" of the agreement. Accordingly, the court correctly found that the dispute is governed by the arbitration provision.