OPINION OF THE COURT Milonas, J. In October of 1981, the tenants at 255 West 98th Street in Manhattan were presented with a proposal to convert the building to cooperative ownership (the red herring). In response thereto, a tenants’ committee was formed, which then retained an attorney and an engineer to assist the group in its dealings with the sponsor, and "no-buy” pledges were col< citation-ind…
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