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Individual Liability of Condominium Sponsor's Principals

When are the principals of a condominium sponsor individually liable for harms suffered by purchasers? In Board of Managers of 570 Broome Condominium, the First Department declined to dismiss a condominium board's fraud and breach of fiduciary claims against individual defendants.

4 minute read November 01, 2024 at 12:11 AM
By
Stewart E. Sterk
Individual Liability of Condominium Sponsor's Principals

When are the principals of a condominium sponsor individually liable for harms suffered by purchasers? In Board of Managers of 570 Broome Condominium v. Soho Broome Condos, LLC, decided last month, the First Department declined to dismiss a condominium board's fraud and breach of fiduciary claims against individual defendants.

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