Sponsor Transition and Construction Defect
Sponsor control retained past the threshold, transition audits refused, punch-list and defect obligations abandoned, escrow released early.
NEW YORK
No agency has jurisdiction
A plenary action against an LLC that is frequently by then dissolved, judgment-proof, or both. The Attorney General's Martin Act jurisdiction largely ends with the offering.
1 verified case — 0 against a board, 1 for a board, 0 split, 0 open. No clean finding of liability against a board in this bucket.