Walsh v. Blaggards III Restaurant Corp – Case Brief Summary (New York)

In Walsh v. Blaggards III Restaurant Corp., 131 A.D.3d 854, 17 N.Y.S.3d 11 [1st Dept., 2015], the First Department approved the use of tax estoppel as a basis for awarding summary judgment.

The Court wrote:

Defendant stated in its tax returns that the $50,000 paid by plaintiff was a loan and that the outstanding balance was $44,500; those statements are binding on defendant. Thus, contrary to defendant's argument otherwise, that amount is a loan, not an investment and summary judgment in plaintiff's favor on the single' cause of action in his complaint is warranted. (Walsh, 131 A.D.3d at 854.)

New York Case Brief Cause of Action Complaint Estoppel Judgment Summary Judgment Tax Law

why use lawpipe ?

The largest case briefs database in the U.S (over 60,000 case briefs).
New case briefs and articles updated monthly edited by experts.
Our legal database contains only important rulings and decisions, to ensure efficient and faster legal research.
Our search engine recommends only highly relevant briefs or articles, bypassing the need to browse through hundreds (and sometimes thousands!) of Irrelevant search results.
Search from 2,000+ legal terms keyed to our case briefs and articles, For each term, we show you every case brief and article in our database that relates to that term.