S.H. & Helen R. Scheuer Family Foundation, Inc. v. 61 Associates
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Ellerin, J.
Resolution of this appeal is dependent upon whether or not the "business judgment rule” is applicable to the complained-of acts by the defendant corporate directors.
Plaintiff, Steven H. Scheuer, is one of five children of Simon H. and Helen R. Scheuer. From 1984 until September 1989, he served as one of 12 directors and members of the S.H. and Helen R. Scheuer Family Foundation (Foundation), a charitable not-for-profit corporation. The Foundation, which in 1989 made charitable donations of approximately $9,000,000, is funded largely by revenues from trusts…
2Cases cited6 opinions
- Auerbach v. BennettNew York Court of Appeals · 1979
- Geddes v. Anaconda Copper Mining Co.Supreme Court of the United States · 1921
- Furia v. FuriaAppellate Division of the Supreme Court of the State of New York · 1986
- Koral v. Savory, Inc.New York Court of Appeals · 1937
- Parkoff v. General Telephone & Electronics Corp.New York Court of Appeals · 1981
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3Cited by12 opinions
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- Martha Graham School & Dance Foundation, Inc. v. Martha Graham Center of Contemporary Dance, Inc.District Court, S.D. New York · 2002
- Martha Graham School & Dance Foundation, Inc. v. Martha Graham Center of Contemporary Dance, Inc.District Court, S.D. New York · 2001
7 more not listed; retrieve them via the Exa API.