M
ichelle Haruvi has revived her case against her father and his business partner on appeal, after an appellate court reversed a lower court's dismissal of the case. The court agreed that the sale of the 500-unit New York apartment portfolio was significant enough to require notifying shareholders. This decision is the latest development in a multi-year saga involving the Haruvi real estate empire.

    Michelle claims she was blindsided by her father Arthur and his brother Abe reorganizing their holdings during Covid, resulting in a $165 million deal that netted Abe an $80 million payout and brought in landlord Peter Hungerford to manage the Manhattan properties. Michelle sued her father and Hungerford in 2022, alleging she was not notified of the sale as required by law.

    The appellate court agreed with Michelle that the sale was significant enough to trigger notification requirements, but left open questions about whether the law was broken and how events unfolded. Michelle is now seeking to add additional parties, including her sister Aileen Haruvi, to the suit, alleging they harmed the value of the portfolio and intimidated her.

    Hungerford claims Michelle was aware of the sale beforehand and has been offered $5 million to drop the case, but she refused. The court also reversed a lower court's decision that Hungerford could not be held personally liable in the case.