Legal Opinion
Brinckerhoff v. JAC Holding Corp.
Appellate Division of the Supreme Court of the State of New York
Decided July 1, 1999PublishedCited by 8 opinions
1Opinion of the Court
—Order, Supreme Court, New York County (Barry Cozier, J.), entered October 2, 1998, which, inter alia, denied defendants’ motion to dismiss the complaint as time-barred and for failure to state a cause of action, unanimously affirmed, with costs.
Plaintiffs, minority shareholders of Hoover Group, Inc., a Delaware corporation, commenced a derivative action on behalf of the corporation against its directors, alleging breach of fidu*353clary duty and corporate waste in connection with the corporation’s sale of its 41% stock interest in JAC Products, Inc. for what is alleged to be grossly inadequate…
2Cases cited4 opinions
- Knieriemen v. Bache Halsey Stuart Shields Inc.Appellate Division of the Supreme Court of the State of New York · 1980
- Stepak v. AddisonCourt of Appeals for the Eleventh Circuit · 1994
- In Re Par Pharmaceutical, Inc. Derivative LitigationDistrict Court, S.D. New York · 1990
- Prefabco, Inc. v. Olin Corp.Appellate Division of the Supreme Court of the State of New York · 1979
3Cited by8 opinions
- Ritchie Capital Management v. JP Morgan Chase & Co.Court of Appeals for the Eighth Circuit · 2020
- Lemenestrel v. WardenSuperior Court of Pennsylvania · 2008
- Starr International Company, Inc., on Its Behalf and on Behalf of a Class of Others Similarly Situated v. United StatesUnited States Court of Federal Claims · 2013
- American International Group, Inc. v. Countrywide Financial Corp.District Court, C.D. California · 2012
- Erdely v. Estate of AirdayAppellate Division of the Supreme Court of the State of New York · 2023
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