COFFEY v. LLP (2014)

Judgment, Supreme Court, New York County (Debra A. James, J.), entered April 2, 2013, inter alia, declaring the option agreement rescinded, and ordering defendants to release and return the escrowed down payments, unanimously affirmed, with costs.

The court correctly found that defendants are barred by the doctrine of collateral estoppel from relitigating the issues raised here, since those issues were fully and fairly litigated in the administrative proceeding that culminated in the hybrid CPLR article 78 proceeding/reformation action, which affirmed a determination by the Office of the Attorney General allowing certain purchasers similarly situated to plaintiff to rescind their option agreements (see Matter of CRP/Extell Parcel I, L.P. v. Cuomo, 101 AD3d 473 [1st Dept 2012] ).