A New York Supreme Court decision by Justice Lebovits in Board of Managers of The Promenade Condominium v. Eshaghour could significantly impact the condominium community, highlighting the potential for individual board members and their management companies to face personal liability for their actions. This ruling serves as a stark reminder that board members must act in good faith and within the scope of their authority, or risk facing serious legal repercussions. We expect that their may be an appeal of the decision and not withstanding an appeal, that the condo, its board members and management company will vigorously defend against the owners’ claims against them. Read the article…………………………….
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