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Recent News

Robin S. Abramowitz and Stefania Boscarolli, as Counsel for Plaintiff, Prevailed on a Summary Judgment Motion in a fraudulent Conveyance Action Brought Against Principals of the Dissolved Corporation

Robin S. Abramowitz, a partner and co-chair of the Firm’s litigation practice group, and Stefania Boscarolli, an associate in the Firm’s litigation practice group, prevailed in an action commenced to set aside fraudulent conveyances of money that was due to a corporate new home builder. Rather than disburse the money paid at closing to the corporate seller, the money was conveyed to, for the benefit of the Corporation, the principals of the corporation.  The corporation was then dissolved within six months of closing notwithstanding that the New Home Warranty mandated by article 36-B of the General Business Law remained in effect for up to a period of six (6) years.  A prior money judgment was obtained as against the dissolved corporation. The court found the principals liable under the various sections of the former Debtor & Creditor Law for the fraudulent conveyance of the corporation’s assets.