Park South Tenants Corp. v. 200 Central Park South Associates, L.P.
The case involves Park South Tenants Corporation suing 200 Central Park South Associates and its directors for damages under the Condominium and Cooperative Protection and Abuse Relief Act of 1980 (15 U.S.C. § 3607 et seq.) and for breach of fiduciary duty. Plaintiff alleged that defendants, through "special developer control," interfered with its right to terminate a commercial lease for a parking garage from the lease's inception. The court granted defendants' motion for summary judgment, ruling that the statutory right to terminate the lease under Section 3607 only accrued after "special developer control" was relinquished, not at the lease's start. Since no interference with this right occurred during the legitimate two-year termination window, the federal claim was dismissed. Consequently, the pendent state law claim for breach of fiduciary duty was also dismissed due to lack of subject matter jurisdiction.