Biondi v. Beekman Hill House Apartment Corp.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Sullivan, J.
This appeal presents the issue of whether a director of a corporation is entitled to indemnification under the corporation’s by-laws of the sum the director owes as punitive damages under a settlement agreement in an underlying lawsuit, in which, after trial, the director was held liable. The sum due under the settlement agreement represented, as a compromise, only a portion of the punitive damage awards rendered against the director and not any part of the other damage awards, compensatory and for counsel fees, against him. Also at issue is whether, in any…
2Cases cited7 opinions
- Guggenheimer v. GinzburgNew York Court of Appeals · 1977
- Home Insurance v. American Home Products Corp.New York Court of Appeals · 1990
- Hartford Accident & Indemnity Co. v. Village of HempsteadNew York Court of Appeals · 1979
- Blackgold Realty Corp. v. MilneNew York Court of Appeals · 1987
- City of New York v. Lead Industries Ass'nAppellate Division of the Supreme Court of the State of New York · 1996
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3Cited by51 opinions
- Acquista v. New York Life InsuranceAppellate Division of the Supreme Court of the State of New York · 2001
- Facebook, Inc. v. DLA Piper LLP (US)Appellate Division of the Supreme Court of the State of New York · 2015
- Greenbaum v. HandelsbankenDistrict Court, S.D. New York · 1999
- Ark Bryant Park Corp. v. Bryant Park Restoration Corp.Appellate Division of the Supreme Court of the State of New York · 2001
- Griffin v. AnslowAppellate Division of the Supreme Court of the State of New York · 2005
46 more not listed; retrieve them via the Exa API.