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41-47 Nick LLC v. Odumosu, 2024 NY Slip Op 24167 (2024)

Citation
41-47 Nick LLC v. Odumosu, 2024 NY Slip Op 24167 (2024)
Parent Document
41-47 Nick LLC v. Odumosu, 2024 NY Slip Op 24167 (2024)
Jurisdiction
New York (state)
Effective Date
2024-06-11
Original Source
https://www.courtlistener.com/opinion/9687483/41-47-nick-llc-v-odumosu/ ↗

Other Sections in This Document (66)

Full Text

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In Thornton, the Court of Appeals upheld the Appellate Division which had affirmed the Supreme Court's use of the default formula to calculate a fraudulent overcharge. In Thornton, a lease for a formerly rent stabilized apartment was signed by an individual who never resided in the apartment as part of a scheme in collusion with the landlord to rent the apartment for a significant profit. The Court viewed these acts as "an attempt to circumvent the Rent Stabilization Law in violation of the public policy of New York[.]" (Thornton, 5 NY3d at 181.)