Legal Opinion
David Shaev Profit Sharing Account v. Cayne
Appellate Division of the Supreme Court of the State of New York
Decided December 6, 2005PublishedCited by 6 opinions
1Opinion of the Court
Order, Supreme Court, New York County (Bernard J. Fried, J.), entered July 13, 2004, which granted the motions of defendants, members of the Board of Directors of nominal defendant, The Bear Stearns Companies, Inc. (Bear Stearns), to dismiss the complaint pursuant to CPLR 3211 (a) (7) on the ground that plaintiff failed to make a presuit demand upon the board of directors to prosecute the claims asserted against defendants, unanimously affirmed, with costs.
The law of Delaware, the state of Bear Stearns’ incorporation, is controlling (see Hart v General Motors Corp., 129 AD2d 179, 182-183…
2Cases cited5 opinions
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- Diamond v. OreamunoNew York Court of Appeals · 1969
- Hart v. General Motors Corp.Appellate Division of the Supreme Court of the State of New York · 1987
- Simon v. BechererAppellate Division of the Supreme Court of the State of New York · 2004
- Wilson v. TullyAppellate Division of the Supreme Court of the State of New York · 1998
3Cited by6 opinions
- Central Laborers' Pension Fund v. BlankfeinAppellate Division of the Supreme Court of the State of New York · 2013
- Lerner v. PrinceNew York Supreme Court · 2012
- Wandel v. JamesAppellate Division of the Supreme Court of the State of New York · 2016
- Central Laborers' Pension Fund v. BlankfeinAppellate Division of the Supreme Court of the State of New York · 2013
- Eos Partners SBIC, L.P. ex rel. DDS Partners, LLC v. LevineAppellate Division of the Supreme Court of the State of New York · 2007
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