In TIAA Global Invs., LLC v. One Astoria Sq. LLC, 127 AD3d 75 [1st Dept 2015] the complaint alleged that the defendants failed "to follow any and all New York requisite corporate formalities in the governance and management of" the seller company, and they managed and transferred all proceeds of the sale of the property out of its accounts (id. at 90). The plaintiff's, the buyers of the property, further alleged that the defendants entered into the contracts for seller, managed the property, and made the decision to conceal from the plaintiffs tenant complaints and latent defects on the property to induce them to purchase it, and that the individual defendant was integral to all of the events as the managing member of both corporate defendants (id.).