Van Wagner Advertising Corp., Appellant-Respondent v. S & M Enterprises, Respondents-Appellants

Summary

The New York Court of Appeals held that the landlord's cancellation of a lease for unique billboard space breached the contract, but affirmed the trial court's denial of specific performance because money damages were adequate and equitable relief would be disproportionate. The court also modified the lower court's damages award, directing a remand for a full calculation of damages through the lease term.