Case Conclusion Date:June 9, 2009
Outcome:$100,000.00 Deposit returned.
Description:Appellate Division of the Supreme Court of New York, Second Department. Richmond County, Supreme Court (incorrectly) found in favor of seller and against purchaser of commercial property and declared $100,000 deposit properly retained by seller. We brought the appeal. Appellate Court agreed that deposit was improperly retained and ordered its return to Purchaser.