The End of Yellowstone? Not Quite
For over half a century, the New York State Court of Appeals’ decision in First National Stores v. Yellowstone Shopping Center, 21 N.Y.2d 630 (1968) has been used by commercial tenants to seek restraining orders tolling the cure period following the issuance of a notice of default by a landlord. Such “Yellowstone injunctions” protect tenants by preventing landlords from terminating the lease before a court can determine whether a tenant is actually in default.
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