Legal Opinion
Ault v. Soutter
Appellate Division of the Supreme Court of the State of New York
Decided May 10, 1994PublishedCited by 8 opinions
1Opinion of the Court
Judgment, Supreme Court, New York County (Carol Huff, J.), entered January 14, 1992, which awarded plaintiff, on behalf of Inverness Management Corp., a total amount of $1,895,920.50, unanimously affirmed, with costs.
Having expressly acquiesced in the corporation’s improper loan of almost $1,000,000 to his co-defendant, which led to the extensive self-dealing that has already been established (see, Ault v Soutter, 167 AD2d 38, 40-42, lv dismissed 81 NY2d 1007), defendant-appellant cannot belatedly dispute that he breached his fiduciary duty to the corporation’s minority shareholders by…
2Cases cited4 opinions
- Barr v. WackmanNew York Court of Appeals · 1975
- Rapoport v. SchneiderNew York Court of Appeals · 1972
- Equity Corp. v. GrovesNew York Court of Appeals · 1945
- Ault v. SoutterAppellate Division of the Supreme Court of the State of New York · 1991
3Cited by8 opinions
- Katharina Wagner Gully, A/K/A Karin Gully v. National Credit Union Administration Board, Waterside Federal Credit Union, IntervenorCourt of Appeals for the Second Circuit · 2003
- R. M. Newell Co. v. RiceAppellate Division of the Supreme Court of the State of New York · 1997
- Brinckerhoff v. JAC Holding Corp.Appellate Division of the Supreme Court of the State of New York · 2004
- 67-69 St. Nicholas Ave. Hous. Dev. Fund Corp. v. GreenAppellate Division of the Supreme Court of the State of New York · 2022
- 67-69 St. Nicholas Ave. Hous. Dev. Fund Corp. v. GreenAppellate Division of the Supreme Court of the State of New York · 2022
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