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Business Organizations Keyed to Bouchoux
Goldstein v. Pikus
Citation:
2015 N.Y.Slip Op. 31455(U) (2015)Facts
These actions arise out of the ongoing disputes between Stuart D. Goldstein and Jeffrey S. Pikus, the two managers of Ten Sheridan Associates, LLC. On December 10, 1996, Pikus formed the company to serve as a vehicle for a mixed-used apartment building located at 10 Sheridan Square in Manhattan. In order to complete the purchase of the property, the company needed to obtain additional funds and investors. Pikus and Goldstein were introduced, and Goldstein agreed to try to procure investors. They entered into the Syndication Agreement, under which the parties agreed that they would attempt to syndicate up to 50% of the company. Defendants alleged that as a result of the disagreements that have since arisen between the two managers, Goldstein took actions that effectively froze Pikus out of the management of the property.
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