Condominiums—Design and Construction Defects—Claims Against Architect and Sponsor Defendants Dismissed—Breach of Contract—Negligent Misrepresentation—Malpractice—Third Party Beneficiaries—Statute of Limitations—No Private Right of Action Under the Martin Act—Board Members Cannot Argue They Are Unsophisticated Business People Since They Are Managing a 40 Unit Luxury Building and Had Access to Legal Counsel—Fiduciary Duty Ceases Once Parties Become Adversaries—Privity—Standing—Fraud in the Inducement—Release
A plaintiff condominium board (board) commenced an action on May 29, 2012, against an architect and sponsor related defendants (sponsor), seeking to recover damages for "the alleged defective and/or negligent design, development, construction and operation" of a condominium project (condo) pursuant to an offering plan (the plan) dated Dec. 10, 2007. The individual purchase agreements incorporated the plan.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
