1250 Broadway, 27th Floor New York, NY 10001


j0387801.jpgAfter a parcel was purchased at a foreclosure sale, LKE Family Ltd. Partnership entered into an agreement which gave it an option to acquire the property. When those owners refused to sell, LKE sued for "specific performance" -- to force the sale.

After the Suffolk County Supreme Court dismissed LKE's case, an appeal to the Appellate Division, Second Department, followed.

Since LKE failed to make rent payments -- a "condition precedent" to the property's purchase -- the AD2 thought the dispute's dismissal was appropriate.

Bet LKE, no likey that!

j0296976.gifTo download a copy of the Appellate Divisions decision, please use this link: LKE Family Ltd. Partnership v. Gillen Living Trust