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New York Yankees Up to Bat in the Commercial Division Against Former Minor League Affiliate | Farrell Fritz, P.C.

New York Yankees Up to Bat in the Commercial Division Against Former Minor League Affiliate | Farrell Fritz, P.C.
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Commercial Division Again Rejects Commercial Tenant's Impossibility / Frustration of Purpose Defenses in the Wake of COVID-19 | Farrell Fritz, P.C.

Earlier this year, my colleague, Madeline Greenblatt, wrote about the emergence of a new body of case law emanating from the myriad effects the COVID-19 pandemic has had on the real. ....

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The Commercial Division Continues to Rule Against Businesses Seeking Financial Relief Amidst COVID-19 Shutdowns | Farrell Fritz, P.C.

complaint, luxury fashion company
Valentino brought the following eight causes of action against its landlord Defendant 693 Fifth Owner LLC (“Landlord”) to avoid its obligations under its lease agreement (“Lease”) for its prestigious Fifth Avenue storefront in New York City: (i) declaratory judgment of frustration of purpose – lease termination; (ii) in the alternative, declaratory judgment of frustration of purpose – rent abatement; (iii) impossibility of performance – lease rescission; (iv) in the alternative, impossibility of performance – rent abatement; (v) rescission based on failure of consideration; (vii) constructive eviction; (vii) declaratory judgment; and (viii) injunctive relief. While Valentino unsurprisingly cited the series of
executive orders issued by Andrew Cuomo limiting and/or prohibiting “non-essential” business operations, Valentino also argued that even in a “post-pandemic New York City (should such a day arrive)” the “so ....

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