Legal Opinion
Pinnacle Consultants, Ltd. v. Leucadia National Corp.
New York Court of Appeals
Decided February 17, 2000PublishedCited by 39 opinions
1Opinion of the Court
OPINION OF THE COURT
Chief Judge Kaye.
At the heart of this factually complex commercial case are two legal issues: first, whether a claim has been stated for breach of fiduciary duty and waste, and second, whether Business Corporation Law § 612 was violated in connection with a merger effectuated by the corporate defendant. Concluding that there was neither, we affirm the Appellate Division order dismissing the complaint.
Plaintiff Pinnacle Consultants, Ltd., a Delaware corporation, has since 1987 owned stock in defendant Leucadia National Corporation, a publicly owned financial services…
2Cases cited11 opinions
- Parker v. Blauvelt Volunteer Fire Co.New York Court of Appeals · 1999
- Gramatan Home Investors Corp. v. LopezNew York Court of Appeals · 1979
- Kahn v. Household Acquisition Corp.Supreme Court of Delaware · 1991
- Diamond v. DiamondNew York Court of Appeals · 1954
- CIBC Bank & Trust Co. v. Banco Central Do BrasilDistrict Court, S.D. New York · 1995
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3Cited by39 opinions
- Ground Zero Museum Workshop v. WilsonDistrict Court, D. Maryland · 2011
- Bansbach v. ZinnNew York Court of Appeals · 2003
- Burrowes v. CombsAppellate Division of the Supreme Court of the State of New York · 2006
- S., JOYCE v. S., ROBERT W.Appellate Division of the Supreme Court of the State of New York · 2016
- In Re FischerUnited States Bankruptcy Court, E.D. New York · 2000
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