In the action entitled “Murphy v. Williams”, our firm represented the Plaintiffs seeking to be indemnified by the seller of real property for additional transfer taxes assessed against the Plaintiffs by the City of New York pursuant to an indemnification agreement signed at the closing of the sale of the property.
Defendant Michael Steven C. Williams sought to dismiss Plaintiffs’ claim on the basis that it was barred by an obscure three (3) year statute of limitations codified as New York City Administrative Code §11-2116(b). The Court, in denying Williams’ motion for dismissal, ruled that the statute of limitations relied upon by Williams precluded New York City, and not the Plaintiffs, in making their claim.
Read the decision by clicking this link. Decision Order Murphy v Williams