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Business in the Burbs

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Judge continues stay in Yonkers co-op lawsuit

July
24

A state judge has continued a stay against an auction of leases of parking spaces at a Yonkers co-op while a lawsuit brought by resident shareholders continues, their attorney said.
Buckingham Tower at 615 Warburton Ave. had planned to raise money by selling leases for the spaces by auction on July 14. Last week New York state Supreme Court Justice Alan Scheinkman in White Plains allowed a court order holding up the auction to remain in effect during the course of the lawsuit, shareholders’ attorney Robert Eber said.
Shareholders also are seeking access to Buckingham’s financial records. Buckingham attorney Carl Finger could not be reached for comment. No date for a new hearing has been set, Eber said.

This entry was posted on Thursday, July 24th, 2008 at 4:28 pm by Jerry Gleeson. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Housing market, Management actions

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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