Drucker v. Mige Associates II
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
*428A partner has a fiduciary obligation to the other partners (Birnbaum v Birnbaum, 73 NY2d 461, 465). As the Court of Appeals stated therein, "it is elemental that a fiduciary owes a duty of undivided and undiluted loyalty to those whose interests the fiduciary is to protect (e.g., Meinhard v Salmon [249 NY], supra, at 463-464; Matter of Rothko, 43 NY2d 305, 319). This is a sensitive and 'inflexible’ rule of fidelity, barring not only blatant self-dealing, but also requiring avoidance of situations in which a fiduciary’s personal interest possibly conflicts with the interest of those owed a…
2Cases cited11 opinions
- Ashland Management Inc. v. JanienNew York Court of Appeals · 1993
- In re the Estate of RothkoNew York Court of Appeals · 1977
- Birnbaum v. BirnbaumNew York Court of Appeals · 1989
- Cristallina S. A. v. Christie, Manson & Woods International, Inc.Appellate Division of the Supreme Court of the State of New York · 1986
- Walsh v. Staten Island Obstetrics & Gynecology Associates, P.C.New York Court of Appeals · 1993
6 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Richbell Information Services, Inc. v. Jupiter Partners, L.P.Appellate Division of the Supreme Court of the State of New York · 2003
- Meisel v. GrunbergDistrict Court, S.D. New York · 2009
- R. M. Newell Co. v. RiceAppellate Division of the Supreme Court of the State of New York · 1997
- Bartfield v. MurphyDistrict Court, S.D. New York · 2008
- International Equity Investments, Inc. v. Opportunity Equity Partners, Ltd.District Court, S.D. New York · 2005
7 more not listed; retrieve them via the Exa API.