Court Denies Plaintiffs’ Motion to Disqualify Defendants’ Law Firm in Litigation Arising Out of Cooperative Conversion
The plaintiffs had alleged that in 1986, the sponsor had converted an apartment building to ownership as a cooperative. The co-op contained one professional apartment and, “according to the offering plan, the professional apartment was to be leased by the coop to the sponsor for a term of 25 years. Although no shares were immediately allocated to the professional apartment, 176 shares were designated for it.”
