NY Court Upholds Daffy's Win In Lease Renewal Fight

Law360, New York (November 22, 2011, 5:52 PM EST) -- A New York appeals court on Tuesday upheld a decision excusing discount clothing retailer Daffy's Inc.'s late delivery of a lease renewal to Manhattan landlord Cohen Brothers Realty Corp., saying the store was entitled to equitable relief to avoid material losses resulting from eviction.

Cohen, through its entity 135 East 57th Street LLC, brought the suit in New York Supreme Court in New York County in February 2010 after receiving what it considered a fraudulently backdated renewal letter for the below-market space four days after the...
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