Condominiums—Purchaser Sued Sponsor Based On Delays in Closing—Purchaser Alleged that Sponsor Deliberately Delayed Closing, Hoping That Purchasers Would Rescind, So That Sponsor Could Resell Units at Higher Prices in Stronger Market—Sponsor’s Argument That Delays Were Caused by Superstorm Sandy and a Subsequent Nor’ Easter Rejected—Sponsor Not Responsible for Buyer’s Loss of Low Interest Rate Lock—Pre-Contract Statements Were Statements of Prediction or Future Expectations Which Could Not Support Fraudulent Inducement Claim
The plaintiff, a purchaser of a newly built condominium unit (unit), asserted claims against condominium sponsor-related defendants based on “alleged delays in contract performance and closing on the unit.” The sponsor and the individual defendants, principals of the sponsor (principals), and the construction manager (CM) moved to dismiss the complaint. The plaintiff alleged that the principals signed the condominium offering plan (plan) and are the sponsor’s only officers and employees.
