NY Appellate Court Compels Specific Performance Under Destiny USA Loan Agreement | Practical Law

NY Appellate Court Compels Specific Performance Under Destiny USA Loan Agreement | Practical Law

An update on the Appellate Division for the Fourth Judicial Department of the Supreme Court of the State of New York's decision in Destiny USA Holdings, LLC v. Citigroup Global Markets Realty Corp., which upheld a preliminary injunction requiring Citigroup Global Markets Realty to provide funding under a loan agreement to Destiny USA Holdings despite the general rule against compelling specific performance in a pure contract money action.

NY Appellate Court Compels Specific Performance Under Destiny USA Loan Agreement

Practical Law Legal Update 5-502-4946 (Approx. 5 pages)

NY Appellate Court Compels Specific Performance Under Destiny USA Loan Agreement

by PLC Finance
Published on 09 Jun 2010New York
An update on the Appellate Division for the Fourth Judicial Department of the Supreme Court of the State of New York's decision in Destiny USA Holdings, LLC v. Citigroup Global Markets Realty Corp., which upheld a preliminary injunction requiring Citigroup Global Markets Realty to provide funding under a loan agreement to Destiny USA Holdings despite the general rule against compelling specific performance in a pure contract money action.