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Solid Transit Inc. v. Venture Opp. Corp.

Appellate Division of the Supreme Court of New York, First Department
Dec 10, 1998
256 A.D.2d 127 (N.Y. App. Div. 1998)

Opinion

December 10, 1998

Appeal from the Supreme Court, New York County (Alice Schlesinger, J.).


The action was properly dismissed as against the Venture defendants absent any showing that they acted improperly in calling in the loan after plaintiff Solid's default. Plaintiffs, whose relationship to Venture Group is defined by a written security agreement, and who derived a benefit from the foreclosure sale of their medallions, cannot claim unjust enrichment. With the dismissal of the Venture defendants, there is no significant nexus with New York County, the dispute being one between plaintiff Mendez and defendant Calderon over the distribution of the surplus realized at the foreclosure sale, and the transfer of the action to Queens County, for consolidation there with Calderon's related, previously filed action, was a proper exercise of discretion. Plaintiffs' motion to strike was mooted by the transfer to Queens, any possible prejudice to plaintiffs being remedied by giving them additional time to appear in the Queens action and staying disclosure pending the transfer and consolidation. We would also note that plaintiffs presumably possess the loan documents and canceled checks for their payments on the subject loan that they seek to discover, that they do not dispute that such payments were made only to defendant Venture Group, and that the identity of the purchasers of the medallions and the price paid therefor at the foreclosure sale are matters of public record.

Concur — Sullivan, J. P., Milonas, Wallach, Williams and Mazzarelli, JJ.


Summaries of

Solid Transit Inc. v. Venture Opp. Corp.

Appellate Division of the Supreme Court of New York, First Department
Dec 10, 1998
256 A.D.2d 127 (N.Y. App. Div. 1998)
Case details for

Solid Transit Inc. v. Venture Opp. Corp.

Case Details

Full title:SOLID TRANSIT INC. et al., Appellants, v. VENTURE OPPORTUNITIES…

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

Date published: Dec 10, 1998

Citations

256 A.D.2d 127 (N.Y. App. Div. 1998)
681 N.Y.S.2d 282