New York Court of Appeals
Amsterdam Savings Bank v. City View Management Corp., Intervenor-Appellant
October 19, 197845 N.Y.2d 854
Summary
The New York Court of Appeals affirmed the Appellate Division, holding that the intervenor-appellant's challenge to the foreclosure sale was barred by laches, and therefore costs were not awarded. The court noted that the intervenor had an equitable interest but that the delay and resulting prejudice required application of the laches doctrine as a matter of law.