VNO
VORNADO REALTY TRUST
$38.27
-1.80%
$7.2B
No data for this timeframe.
Vol
Market Cap$7.2B
Cap SizeMid Cap
Analyst ConsensusHold (39%)
Inst. Holders50 funds
Inst. Value$2.6B
Inst. Activity23 buys / 14 sells
Insider Activity9B / 0S
Insider Net $$5.7M
SEC Reports6
Press Releases3
Recent Activity
Jun 12, 2026
short_volume
Short Volume: VNO — 59.7% short (0.4M / 0.6M)
Short: 387,301 | Exempt: 7 | TRF Vol: 648,827 | Short Ratio: 59.7% | Off-exchange volume (dark pool
Jun 11, 2026
Press
Vornado Realty Trust completed its acquisition of a 49% interest in Park Avenue Plaza at a gross valuation of $1.1 billi
Impact 6/10
Jun 8, 2026
Insider
WIGHT RUSSELL B JR bought 1,000 shares
Director @ $17.44 ($17.4K)
Jun 8, 2026
Insider
WIGHT RUSSELL B JR bought 1,000 shares
Director @ $15.00 ($15.0K)
Jun 8, 2026
Insider
WIGHT RUSSELL B JR bought 1,000 shares
Director @ $17.69 ($17.7K)
May 4, 2026
SEC
Vornado reported Q1 2026 net loss of $22.8M ($0.12/share) vs net income of $86.8M ($0.43) in Q1 2025, driven by higher i
8-K — Impact 6/10
May 4, 2026
SEC
Vornado Realty Trust reported Q1 2026 revenue of $459.1M, beating consensus of $427.7M, but GAAP net loss was $0.12 per
PRESS-RELEASE — Impact 4/10
Apr 21, 2026
SEC
Vornado Realty Trust announced it will release Q1 2026 earnings on May 4, 2026, after market close, followed by a confer
PRESS-RELEASE — Impact 3/10
Price Targets
$33.54
-12.4% upside
Sell
Current $38.27
Low $25.00
Median $33.00
High $45.00
13 analysts
$25.00
$45.00
Analyst Ratings
2Strong Buy
5Buy
8Hold
3Sell
0Strong Sell
Recent Analyst Actions
| Date | Firm | Action | Rating |
|---|---|---|---|
| Jun 10, 2026 | Ladenburg Thalmann | MAINTAIN | Buy → Buy |
| May 28, 2026 | JP Morgan | MAINTAIN | Neutral → Neutral |
| May 21, 2026 | Scotiabank | MAINTAIN | Sector Perform → Sector Perform |
| May 8, 2026 | Citigroup | MAINTAIN | Neutral → Neutral |
| Apr 2, 2026 | Evercore ISI Group | MAINTAIN | Outperform → Outperform |
Earnings Estimates
| Period | EPS Est. | Range | Growth | # |
|---|---|---|---|---|
| Current Q | $-0.01 | $-0.01 — $-0.01 | -100% YoY | 1 |
| Next Q | $0.02 | $0.02 — $0.02 | 1 | |
| Current FY | $-0.02 ▲ +20.0% | $-0.02 — $-0.02 | -100% YoY | 1 |
| Next FY | $0.25 | $0.25 — $0.25 | 1 |
Latest Reports
BULLISH
Press
6/10
Vornado Realty Trust completed its acquisition of a 49% interest in Park Avenue Plaza at a gross valuation of $1.1 billi
Jun 11, 2026
BEARISH
8-K
6/10
Vornado reported Q1 2026 net loss of $22.8M ($0.12/share) vs net income of $86.8M ($0.43) in Q1 2025, driven by higher i
May 4, 2026
NEUTRAL
PRESS-RELEASE
4/10
Vornado Realty Trust reported Q1 2026 revenue of $459.1M, beating consensus of $427.7M, but GAAP net loss was $0.12 per
May 4, 2026
Top Institutional Holders
| Fund | Value | Move |
|---|---|---|
| BlackRock, Inc. | $592.2M | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $380.4M | — |
| FRANKLIN RESOURCES INC | $342.0M | — |
| STATE STREET CORP | $212.3M | — |
| VANGUARD CAPITAL MANAGEMENT LLC | $198.5M | — |
Recent Insider Trades
| Date | Insider | Type | Value |
|---|---|---|---|
| Jun 8, 2026 | WIGHT RUSSELL | BUY | $17.4K |
| Jun 8, 2026 | WIGHT RUSSELL | BUY | $15.0K |
| Jun 8, 2026 | WIGHT RUSSELL | BUY | $17.7K |
| Jun 8, 2026 | WIGHT RUSSELL | BUY | $17.6K |
| May 21, 2026 | TISCH DANIEL | A | $0.00 |
50 institutional holders with $2.6B total value (99,251,659 shares) as of 2026-Q1. Top holders: BlackRock,, VANGUARD, FRANKLIN. Net buying activity: 23 institutions added/increased vs 14 reduced.
Top Institutional Holders — 2026-Q1
| # | Fund | Shares | Value | % of Tracked | Last Move |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 22,785,627 | $592.2M | 23.0% | — |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 14,637,038 | $380.4M | 14.8% | — |
| 3 | FRANKLIN RESOURCES INC | 13,159,589 | $342.0M | 13.3% | — |
| 4 | STATE STREET CORP | 8,169,899 | $212.3M | 8.2% | — |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 7,637,167 | $198.5M | 7.7% | — |
| 6 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 3,210,447 | $83.4M | 3.2% | — |
| 7 | DIMENSIONAL FUND ADVISORS LP | 2,514,173 | $65.3M | 2.5% | — |
| 8 | EARNEST PARTNERS LLC | 2,496,191 | $64.9M | 2.5% | — |
| 9 | MORGAN STANLEY | 2,288,636 | $59.5M | 2.3% | ADD +27.3% |
| 10 | Invesco Ltd. | 1,732,297 | $45.0M | 1.7% | TRIM -46.7% |
| 11 | Legal & General Group Plc | 1,627,872 | $42.3M | 1.6% | — |
| 12 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | 1,535,960 | $39.9M | 1.5% | — |
| 13 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1,398,378 | $36.3M | 1.4% | DOUBLED +129.1% |
| 14 | BANK OF AMERICA CORP /DE/ | 1,266,476 | $32.9M | 1.3% | — |
| 15 | SEI INVESTMENTS CO | 1,071,074 | $27.8M | 1.1% | — |
| 16 | VANGUARD FIDUCIARY TRUST CO | 1,005,738 | $26.1M | 1.0% | — |
| 17 | State of Tennessee, Department of Treasury | 854,747 | $22.2M | 0.9% | — |
| 18 | SCHRODER INVESTMENT MANAGEMENT GROUP | 820,808 | $20.7M | 0.8% | NEW |
| 19 | TUDOR INVESTMENT CORP ET AL | 785,820 | $20.4M | 0.8% | DOUBLED +640.7% |
| 20 | TWO SIGMA INVESTMENTS, LP | 706,006 | $18.3M | 0.7% | — |
Recent Position Changes
| Fund | Action | Prev Shares | Curr Shares | Change % | Value | Quarter |
|---|---|---|---|---|---|---|
| MORGAN STANLEY | ADD | 1,797,664 | 2,288,636 | +27.3% | $59.5M | 2026-Q1 |
| Invesco Ltd. | TRIM | 3,247,807 | 1,732,297 | -46.7% | $45.0M | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | DOUBLED | 610,311 | 1,398,378 | +129.1% | $36.3M | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP | NEW | — | 820,808 | — | $20.7M | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL | DOUBLED | 106,087 | 785,820 | +640.7% | $20.4M | 2026-Q1 |
| APG Asset Management US Inc. | TRIM | 983,787 | 609,224 | -38.1% | $15.6M | 2026-Q1 |
| AMERIPRISE FINANCIAL INC | ADD | 298,956 | 566,265 | +89.4% | $13.5M | 2026-Q1 |
| Gotham Asset Management, LLC | ADD | 340,729 | 459,476 | +34.9% | $11.9M | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | NEW | — | 401,545 | — | $10.4M | 2026-Q1 |
| Hudson Bay Capital Management LP | NEAR_EXIT | 1,636,290 | 279,636 | -82.9% | $7.3M | 2026-Q1 |
| BROOKFIELD Corp /ON/ | DOUBLED | 489 | 249,785 | +50980.8% | $6.5M | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC | DOUBLED | 8,799 | 163,499 | +1758.2% | $4.2M | 2026-Q1 |
| DEUTSCHE BANK AG\ | TRIM | 134,747 | 100,921 | -25.1% | $2.6M | 2026-Q1 |
| Daiwa Securities Group Inc. | ADD | 64,701 | 84,500 | +30.6% | $2.2M | 2026-Q1 |
| Mariner, LLC | ADD | 42,252 | 68,215 | +61.4% | $1.8M | 2026-Q1 |
| FMR LLC | NEAR_EXIT | 511,046 | 42,841 | -91.6% | $1.1M | 2026-Q1 |
| Cerity Partners LLC | DOUBLED | 18,392 | 40,117 | +118.1% | $1.0M | 2026-Q1 |
| CWM, LLC | DOUBLED | 10,732 | 36,015 | +235.6% | $936.0K | 2026-Q1 |
| M&T BANK CORP | TRIM | 52,553 | 34,655 | -34.1% | $900.7K | 2026-Q1 |
| Allspring Global Investments Holdings, LLC | ADD | 22,641 | 33,397 | +47.5% | $854.0K | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC | ADD | 20,199 | 32,122 | +59.0% | $834.9K | 2026-Q1 |
| NEOS Investment Management LLC | ADD | 22,669 | 31,039 | +36.9% | $806.7K | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | TRIM | 51,057 | 28,825 | -43.5% | $749.0K | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS | ADD | 20,701 | 27,230 | +31.5% | $707.7K | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | ADD | 18,455 | 27,573 | +49.4% | $699.0K | 2026-Q1 |
15 unique insiders with 29 transactions. Net insider value: $5.7M ($5.7M bought, $0.00 sold).
Insider Transactions
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Jun 8, 2026 | WIGHT RUSSELL B JR | Director | BUY | 1,000 | $17.44 | $17.4K |
| Jun 8, 2026 | WIGHT RUSSELL B JR | Director | BUY | 1,000 | $15.00 | $15.0K |
| Jun 8, 2026 | WIGHT RUSSELL B JR | Director | BUY | 1,000 | $17.69 | $17.7K |
| Jun 8, 2026 | WIGHT RUSSELL B JR | Director | BUY | 1,000 | $17.63 | $17.6K |
| May 21, 2026 | TISCH DANIEL R | Director | AWARD | 7,168 | — | — |
| May 21, 2026 | WIGHT RUSSELL B JR | Director | AWARD | 7,168 | — | — |
| May 21, 2026 | Fascitelli Michael D | Director | AWARD | 7,168 | — | — |
| May 21, 2026 | Puri Mandakini | Director | AWARD | 7,168 | — | — |
| May 21, 2026 | Bassey Beatrice Hamza | Director | AWARD | 7,168 | — | — |
| May 21, 2026 | Helman William W | Director | AWARD | 7,168 | — | — |
| May 21, 2026 | McGuire Raymond J | Director | AWARD | 7,168 | — | — |
| May 21, 2026 | MANDELBAUM DAVID | Director | AWARD | 7,168 | — | — |
| May 21, 2026 | Beinecke Candace K | Director | AWARD | 7,168 | — | — |
| May 18, 2026 | ROTH STEVEN | CHAIRMAN AND CEO | GIFT | 26,428 | — | — |
| May 6, 2026 | Chera Haim | EVP - HEAD OF RETAIL | CONVERT | 100,000 | — | — |
| May 6, 2026 | Chera Haim | EVP - HEAD OF RETAIL | CONVERT | 100,000 | — | — |
| Mar 12, 2026 | TISCH DANIEL R | Director | BUY | 30,000 | $25.55 | $766.5K |
| Mar 3, 2026 | TISCH DANIEL R | Director | BUY | 70,000 | $26.30 | $1.8M |
| Mar 2, 2026 | TISCH DANIEL R | Director | BUY | 40,000 | $27.09 | $1.1M |
| Mar 2, 2026 | Maddock Deirdre K. | Chief Accounting Officer | AWARD | 4,061 | — | — |
| Feb 27, 2026 | TISCH DANIEL R | Director | BUY | 45,000 | $27.70 | $1.2M |
| Feb 24, 2026 | TISCH DANIEL R | Director | BUY | 25,000 | $27.85 | $696.3K |
| Feb 23, 2026 | Chera Haim | EVP - HEAD OF RETAIL | CONVERT | 100,000 | — | — |
| Feb 23, 2026 | Chera Haim | EVP - HEAD OF RETAIL | CONVERT | 100,000 | — | — |
| Feb 5, 2026 | ROTH STEVEN | CHAIRMAN AND CEO | AWARD | 172,249 | — | — |
| Feb 5, 2026 | Chera Haim | EVP- HEAD OF RETAIL | AWARD | 16,661 | — | — |
| Feb 5, 2026 | Weiss Glen J. | EVP- OFF. LEASING CO HEAD R.E. | AWARD | 48,374 | — | — |
| Feb 5, 2026 | Franco Michael J. | PRESIDENT AND CFO | AWARD | 52,198 | — | — |
| Feb 5, 2026 | Langer Barry | EVP - DEV. CO-HEAD OF R.E. | AWARD | 41,958 | — | — |
6 SEC filing reports analyzed. Sentiment: 1 bullish, 1 bearish, 1 mixed, 3 neutral. Avg impact: 4.7/10.
BEARISH
8-K
6/10
Vornado reported Q1 2026 net loss of $22.8M ($0.12/share) vs net income of $86.8M ($0.43) in Q1 2025
May 4, 2026
NEUTRAL
PRESS-RELEASE
4/10
Vornado Realty Trust reported Q1 2026 revenue of $459.1M, beating consensus of $427.7M, but GAAP net
May 4, 2026
NEUTRAL
PRESS-RELEASE
3/10
Vornado Realty Trust announced it will release Q1 2026 earnings on May 4, 2026, after market close,
Apr 21, 2026
NEUTRAL
DEFA14A
3/10
Vornado Realty Trust is holding its 2026 annual meeting to vote on the re-election of 10 trustees, r
Apr 7, 2026
BULLISH
COURT-RULING
6/10
The Appellate Division affirmed a lower court's decision to vacate a 2017 order that had awarded dam
Mar 27, 2026
MIXED
INST-CLUSTER
6/10
In Q4 2025, Vornado Realty Trust (VNO) saw a mixed institutional cluster: two new buyers, including
Feb 28, 2026
BULLISH
6/10
Vornado Realty Trust completed its acquisition of a 49% interest in Park Avenue Plaza at a gross val
Jun 11, 2026
BULLISH
7/10
Vornado Realty Trust agreed to acquire a 49% interest in Park Avenue Plaza (55 East 52nd Street) at
Apr 28, 2026
NEUTRAL
3/10
Vornado Realty Trust and LeFrak announced a 15-year lease agreement with Le Colonial to open a new 9
Mar 11, 2026
Current analyst consensus: Sell (39% buy). Based on 18 analysts: 2 strong buy, 5 buy, 8 hold, 3 sell, 0 strong sell.
Analyst Price Targets
$33.54 mean target
-12.4% upside
Sell (2.62)
$25.00 Low
$45.00 High
| Metric | Value |
|---|---|
| Current Price | $38.27 |
| Target Low | $25.00 |
| Target Mean | $33.54 |
| Target Median | $33.00 |
| Target High | $45.00 |
| # Analysts | 13 |
| Recommendation | Sell (2.62) |
Earnings Estimates & Revisions
| Period | EPS Avg | EPS Low | EPS High | EPS Growth | 30d Rev. | Up/Down | Rev. Avg | Rev. Growth | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| Current Q 2026-06-30 |
$-0.01 | $-0.01 | $-0.01 | -100.3% | +0.0% | — | $0.5B | 2.1% | 1 |
| Next Q 2026-09-30 |
$0.02 | $0.02 | $0.02 | — | +0.0% | — | $0.5B | 2.8% | 1 |
| Current FY 2026-12-31 |
$-0.02 | $-0.02 | $-0.02 | -100.5% | +20.0% | — | $1.9B | 2.3% | 1 |
| Next FY 2027-12-31 |
$0.25 | $0.25 | $0.25 | — | +0.0% | 1↑ 0↓ | $1.9B | 5.1% | 1 |
Current Quarter EPS Revision History
| Timepoint | EPS Estimate | Change |
|---|---|---|
| Current | $-0.010 | |
| 7d ago | $-0.010 | |
| 30d ago | $-0.010 | |
| 60d ago | $-0.030 | +0.020 |
| 90d ago | $-0.030 | +0.020 |
10 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 0 initiations.
Individual Analyst Actions
| Date | Analyst Firm | Action | Previous Rating | New Rating |
|---|---|---|---|---|
| Jun 10, 2026 | Ladenburg Thalmann | MAINTAIN | Buy | Buy |
| May 28, 2026 | JP Morgan | MAINTAIN | Neutral | Neutral |
| May 21, 2026 | Scotiabank | MAINTAIN | Sector Perform | Sector Perform |
| May 8, 2026 | Citigroup | MAINTAIN | Neutral | Neutral |
| Apr 2, 2026 | Evercore ISI Group | MAINTAIN | Outperform | Outperform |
| Apr 1, 2026 | Piper Sandler | MAINTAIN | Neutral | Neutral |
| Mar 31, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight | Equal-Weight |
| Mar 31, 2026 | Truist Securities | MAINTAIN | Hold | Hold |
| Mar 25, 2026 | JP Morgan | MAINTAIN | Neutral | Neutral |
| Mar 17, 2026 | Truist Securities | MAINTAIN | Hold | Hold |
| Mar 2, 2026 | Scotiabank | MAINTAIN | Sector Perform | Sector Perform |
| Feb 26, 2026 | Barclays | MAINTAIN | Underweight | Underweight |
| Feb 24, 2026 | Mizuho | MAINTAIN | Outperform | Outperform |
| Feb 11, 2026 | Piper Sandler | MAINTAIN | Neutral | Neutral |
| Feb 11, 2026 | Evercore ISI Group | MAINTAIN | Outperform | Outperform |
| Jan 14, 2026 | Scotiabank | MAINTAIN | Sector Perform | Sector Perform |
| Dec 16, 2025 | Truist Securities | MAINTAIN | Hold | Hold |
| Dec 15, 2025 | Evercore ISI Group | MAINTAIN | Outperform | Outperform |
Monthly Consensus History
| Period | Strong Buy | Buy | Hold | Sell | Strong Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Jun 1, 2026 | 2 | 5 | 8 | 3 | 0 | 39% | |
| May 1, 2026 | 2 | 5 | 8 | 3 | 0 | 39% | |
| Apr 1, 2026 | 2 | 5 | 8 | 3 | 0 | 39% | |
| Mar 1, 2026 | 2 | 5 | 8 | 3 | 0 | 39% | |
| Feb 1, 2026 | 2 | 5 | 8 | 3 | 0 | 39% | |
| Jan 1, 2026 | 2 | 5 | 9 | 3 | 0 | 37% |
Strong BuyBuyHoldSellStrong Sell
No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.
No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.
Jun 12, 2026
short_volume
Short Volume: VNO — 59.7% short (0.4M / 0.6M)
Short: 387,301 | Exempt: 7 | TRF Vol: 648,827 | Short Ratio: 59.7% | Off-exchange volume (dark pool + OTC)
Jun 11, 2026
m_and_a
Vornado Realty Trust Completes Acquisition of 49% Interest in Park Avenue Plaza
<p>NEW YORK, June 11, 2026 (GLOBE NEWSWIRE) -- </p> <p align="justify">Vornado Realty Trust (NYSE:VNO) announced today that it has completed its pre
Jun 11, 2026
short_volume
Short Volume: VNO — 65.7% short (0.6M / 0.9M)
Short: 614,148 | Exempt: 1 | TRF Vol: 934,790 | Short Ratio: 65.7% | Off-exchange volume (dark pool + OTC)
Jun 10, 2026
short_volume
Short Volume: VNO — 69.5% short (0.6M / 0.9M)
Short: 595,421 | Exempt: 211 | TRF Vol: 856,251 | Short Ratio: 69.5% | Off-exchange volume (dark pool + OTC)
Jun 9, 2026
other
Vornado Realty Trust’s PENN 2 Achieves 90 Percent Leased
Vornado Completes 125,000 SF of Leases with Leading Technology Companies Veeva and Altana at its Reimagined PENN District Office Tower <pre>Vornado Co
Jun 9, 2026
short_volume
Short Volume: VNO — 78.6% short (1.0M / 1.3M)
Short: 996,274 | Exempt: 1,949 | TRF Vol: 1,267,716 | Short Ratio: 78.6% | Off-exchange volume (dark pool + OTC)
Jun 8, 2026
short_volume
Short Volume: VNO — 77.3% short (0.5M / 0.6M)
Short: 466,484 | Exempt: 0 | TRF Vol: 603,706 | Short Ratio: 77.3% | Off-exchange volume (dark pool + OTC)
Jun 5, 2026
short_volume
Short Volume: VNO — 82.7% short (0.4M / 0.5M)
Short: 424,617 | Exempt: 19 | TRF Vol: 513,414 | Short Ratio: 82.7% | Off-exchange volume (dark pool + OTC)
Jun 1, 2026
short_volume
Short Volume: VNO — 69.8% short (0.4M / 0.6M)
Short: 410,178 | Exempt: 7 | TRF Vol: 588,033 | Short Ratio: 69.8% | Off-exchange volume (dark pool + OTC)
May 28, 2026
short_volume
Short Volume: VNO — 92.2% short (1.4M / 1.5M)
Short: 1,388,058 | Exempt: 0 | TRF Vol: 1,505,061 | Short Ratio: 92.2% | Off-exchange volume (dark pool + OTC)
May 20, 2026
short_volume
Short Volume: VNO — 74.1% short (0.4M / 0.6M)
Short: 435,527 | Exempt: 0 | TRF Vol: 587,665 | Short Ratio: 74.1% | Off-exchange volume (dark pool + OTC)
May 19, 2026
short_volume
Short Volume: VNO — 80.3% short (0.5M / 0.7M)
Short: 543,591 | Exempt: 0 | TRF Vol: 677,058 | Short Ratio: 80.3% | Off-exchange volume (dark pool + OTC)
May 18, 2026
short_volume
Short Volume: VNO — 65.9% short (0.4M / 0.6M)
Short: 363,542 | Exempt: 622 | TRF Vol: 551,257 | Short Ratio: 65.9% | Off-exchange volume (dark pool + OTC)
May 18, 2026
dark_pool
Dark Pool: VNO — 1.8M shares, 34,808 trades
Week starting 2026-05-18. Total ATS volume: 1,804,825 shares across 34,808 trades.
May 13, 2026
short_volume
Short Volume: VNO — 69.5% short (0.4M / 0.5M)
Short: 351,015 | Exempt: 0 | TRF Vol: 505,220 | Short Ratio: 69.5% | Off-exchange volume (dark pool + OTC)
Mar 4, 2026
Enforcement
Brown-Wilks v. Vornado Realty Trust
Court ruling from Appellate Division of the Supreme Court of the State of New York. Docket: Index No. 718269/21