Legal Opinion
Duffy v. Cross Country Industries, Inc.
Appellate Division of the Supreme Court of the State of New York
Decided May 27, 1977PublishedCited by 5 opinions
1Opinion of the Court
Order unanimously affirmed, with costs. Memorandum: The allegations of the amended complaint concerning the acquisition by Conkey Properties, Inc. of the sole assets of Seneca Hamburg Properties, Inc. spell out a cause of action in the nature of self-dealing and corporate waste, pursuant to section 720 of the Business Corporation Law. It is alleged that defendants were officers, directors and principal shareholders of Conkey Properties, Inc. before the merger of Conkey Properties, Inc. into Computers Unlimited, Inc., which corporate name was then changed to Cross Country Industries, Inc.…
2Cases cited7 opinions
- Rovello v. Orofino Realty Co.New York Court of Appeals · 1976
- Advance Music Corp. v. American Tobacco Co.New York Court of Appeals · 1946
- Platt Corp. v. PlattAppellate Division of the Supreme Court of the State of New York · 1964
- Platt Corp. v. PlattNew York Court of Appeals · 1965
- Griefer v. NewmanAppellate Division of the Supreme Court of the State of New York · 1964
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3Cited by5 opinions
- In re El Paso Pipeline Partners, L.P. Derivative LitigationCourt of Chancery of Delaware · 2015
- Kimco Addition, Inc. v. Lower Platte South Natural Resources DistrictNebraska Supreme Court · 1989
- Chase v. Town of CamillusAppellate Division of the Supreme Court of the State of New York · 1998
- Wright v. County of NassauAppellate Division of the Supreme Court of the State of New York · 1981
- Goldstein v. DennerCourt of Chancery of Delaware · 2022