322 W. 47th St. HDFC v. Loo

2024 NY Slip Op 34155(U)
CourtNew York Supreme Court, New York County
DecidedNovember 26, 2024
DocketIndex No. 160162/2014
StatusUnpublished

This text of 2024 NY Slip Op 34155(U) (322 W. 47th St. HDFC v. Loo) is published on Counsel Stack Legal Research, covering New York Supreme Court, New York County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
322 W. 47th St. HDFC v. Loo, 2024 NY Slip Op 34155(U) (N.Y. Super. Ct. 2024).

Opinion

322 W. 47th St. HDFC v Loo 2024 NY Slip Op 34155(U) November 26, 2024 Supreme Court, New York County Docket Number: Index No. 160162/2014 Judge: David B. Cohen Cases posted with a "30000" identifier, i.e., 2013 NY Slip Op 30001(U), are republished from various New York State and local government sources, including the New York State Unified Court System's eCourts Service. This opinion is uncorrected and not selected for official publication. INDEX NO. 160162/2014 NYSCEF DOC. NO. 507 RECEIVED NYSCEF: 11/26/2024

SUPREME COURT OF THE STATE OF NEW YORK NEW YORK COUNTY PRESENT: HON. DAVID B. COHEN PART 58 Justice ---------------------------------------------------------------------------------X INDEX NO. 160162/2014 322 WEST 47TH STREET HDFC, MOTION DATE 02/09/2024 Plaintiff, MOTION SEQ. NO. 013 -v- MARGIE LOO, CAMILLE TIBALDEO, LAWRENCE DECISION + ORDER ON GUARINO, RAFAEL PEREZ MOTION Defendants. ---------------------------------------------------------------------------------X

The following e-filed documents, listed by NYSCEF document number (Motion 013) 480, 481, 482, 483, 484, 485, 486, 487, 488, 489, 490, 491, 492, 493, 494, 495, 496, 497, 498, 499, 500, 501, 502, 503, 504, 505, 506 were read on this motion to/for SUMMARY JUDGMENT (AFTER JOINDER .

Defendant/counterclaim-plaintiff Lawrence Guarino (Guarino) moves, pursuant to CPLR

Rule 3212(b), for summary judgment, dismissing the claim of plaintiff/counterclaim-defendant

322 West 47th Street HDFC (plaintiff), and for a judgment declaring that Guarino is a

shareholder of apartment 5B at the premises and ordering that plaintiff issue him a stock

certificate. Additionally, pursuant to RPL § 234, Guarino moves for reasonable attorney's fees

and costs associated with the successful defense of this action.

I. Factual and Procedural Background

The present action arises out of a holdover proceeding commenced by plaintiff against

Guarino.1 This is Guarino’s second motion for summary judgment. In the June 2020 decision

on the first motion, summary judgment was denied, but Guarino was granted leave to amend his

pleadings after the discovery of new facts.

1 There are two other plaintiffs in this action who are not party to the current motion. 160162/2014 322 WEST 47TH STREET HDFC vs. LOO, MARGIE Page 1 of 12 Motion No. 013

1 of 12 [* 1] INDEX NO. 160162/2014 NYSCEF DOC. NO. 507 RECEIVED NYSCEF: 11/26/2024

A full recitation of the facts is set forth in the June 2020 Decision (NYSCEF 438). As

pertinent here, in February 2008, plaintiff’s then-board president Martha Hauze became the

subject of a nearly five-year derivative action (Derivative Action) commenced by plaintiff’s

shareholders and board members Betty Benavides and Cindy Ho, who are not parties in this

action (NYSCEF 334). The complaint alleged, in part, that plaintiff’s board of directors ousted

Hauze from the presidency because of various disputed activities, and elected Benavides as

president/treasurer and Ho as secretary, but Hauze continued to act as president to the detriment

of plaintiff’s operations (NYSCEF 334). Hauze counterclaimed and alleged that all third-party

contracts entered into by Benavides and Ho on behalf of plaintiff should be deemed void.

Meanwhile, on June 3, 2009, Benavides and Ho held a board meeting where Guarino

signed the shareholder proprietary lease for apartment 5F with a term beginning June 3, 2009,

and ending on January 19, 2092 (NYSCEF 316). Benavides signed the proprietary lease as

president on plaintiff’s behalf, and Ho signed as a witness, although not as an officer (NYSCEF

316). According to Guarino's attorney, Lawrence A. Omansky, who witnessed the closing, in

addition to the signing of the lease, the parties also signed shares of stock (NYSCEF 340).

The proprietary lease indicates that plaintiff had accepted Guarino's “security rent deposit

of $250.00” as payment in full for the shares (NYSCEF 316). Omansky filed and recorded the

conveyance with the New York City Department of Finance, making it available on the New

York City Automated Registration Information System (ACRIS) (NYSCEF 340).

In 2012, a jury trial was held in the Derivative Action, and the jury found that Hauze had

not breached her fiduciary duties, and that Benavides and Ho had. Furthermore, the jury denied

Hauze’s “claim that any contract executed by [Benavides and Ho] be declared void; but the

160162/2014 322 WEST 47TH STREET HDFC vs. LOO, MARGIE Page 2 of 12 Motion No. 013

2 of 12 [* 2] INDEX NO. 160162/2014 NYSCEF DOC. NO. 507 RECEIVED NYSCEF: 11/26/2024

Court declare[d] and enjoin[ed] [Benavides and Ho] from acting on behalf of the [plaintiff]”

(NYSCEF 337).

Plaintiff commenced this action in 2014 seeking a judgment of possession and the

eviction of Guarino, along with three other holdover tenants, from the building (NYSCEF 342).

Guarino counterclaimed seeking a declaration that he was not a holdover tenant, but a

shareholder and the rightful owner of the shares to apartment 5F, and an order that plaintiff

provide him with a certificate of shares evincing his ownership thereof (NYSCEF 343).

In 2019, plaintiff moved for summary judgment and the dismissal of Guarino's

affirmative defenses and counterclaims (NYSCEF 255). Guarino cross-moved for summary

dismissal of the complaint and an order granting judgment on his counterclaims (NYSCEF 303).

On June 23, 2020, Guarino’s summary judgment motion was denied by this court, on the

ground that questions of material fact still existed, including: i) whether Benavides was in good

stead and had actual authority, or reasonably believed that she did, to sign on behalf of plaintiff;

ii) whether Guarino was a good faith purchaser and reasonably relied on Benavides’s presumed

authority; iii) how Guarino understood Hauze’s May 2009 letter concerning Benavides’s lack of

legal authorization to act on behalf of the corporation; iv) the seeming disparity between the

description of the transaction of the sale as recorded in the lease and witnessed by Guarino’s

attorney, and the absence of corroboration of the sale in plaintiff’s books and records; v) whether

plaintiff customarily did not provide certificates of shares to shareholders; and vi) whether

Benavides’s failures to follow through with the administrative procedures as to the sale of shares

would unfairly penalize Guarino. For similar reasons, plaintiff’s motion for summary judgment

was also denied (NYSCEF 438).

160162/2014 322 WEST 47TH STREET HDFC vs. LOO, MARGIE Page 3 of 12 Motion No. 013

3 of 12 [* 3] INDEX NO. 160162/2014 NYSCEF DOC. NO. 507 RECEIVED NYSCEF: 11/26/2024

In the same June 2020 Decision, Guarino was also granted leave to amend his pleading to

add a claim of collateral estoppel as a new third counterclaim. This court noted that “although

plaintiff argues it did not have knowledge of the signing of the proprietary lease in 2009,

Guarino has alleged that Hauze was given notice of the April 2009 board meeting the subject of

which was the vote and approval of the closing on Guarino’s apartment and can be deemed to

have known of its signing. The transaction was also recorded in ACRIS, a public database”

(NYSCEF 438). The court further held that “Guarino has thus proposed sufficient allegations

upon which it could be argued that plaintiff should be collaterally estopped from challenging the

proprietary lease” and that “[p]laintiff's assertions that it only learned of the proprietary lease

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2024 NY Slip Op 34155(U), Counsel Stack Legal Research, https://law.counselstack.com/opinion/322-w-47th-st-hdfc-v-loo-nysupctnewyork-2024.