In-depth analysis of a recent key ruling.
Insufficient Evidence That Flip Tax Was Validly Enacted
Norton v. 360 Riverside Owners Corp.
NYLJ 12/27/11
Supreme Ct., N.Y. Cty.
(Ling-Cohen, J.)
In an action by sellers of co-op units to recover flip taxes paid to the co-op upon sale, the co-op moved to dismiss the complaint and the sellers cross-moved for summary judgment.
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