Silverman v. Schwartz

—Order, Supreme Court, New York County (Beatrice Shainswit, J.), entered on or about March 10, 1997, which granted defendants’ motion pursuant to CPLR 3211 to dismiss the supplemental amended derivative complaint, unanimously affirmed, with costs.

The motion court correctly concluded that plaintiff did not have standing to prosecute a derivative action on behalf of the corporate defendant Loral Space and Communications Limited since the claims plaintiff sought to bring in a derivative capacity were not properly the claims of Loral Space but rather those of the Loral Corporation, an entity of…