Yudell v. Gilbert
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
*110OPINION OF THE COURT
Moskowitz, J.
This appeal, from the grant of a motion to dismiss the complaint, requires us to analyze the difference between direct and derivative claims. New York has lacked a clear approach for determining this difference. Instead, our jurisprudence consists of case by case analyses, that are sometimes difficult to apply to new fact patterns. Therefore, in this case, we adopt the test the Supreme Court of Delaware developed in Tooley v Donaldson, Lufkin & Jenrette, Inc. (845 A2d 1031, 1039 [Del 2004]). The Tooley test is consistent with New York law and has the added…
2Cases cited9 opinions
- Tooley v. Donaldson, Lufkin, & Jenrette, Inc.Supreme Court of Delaware · 2004
- Abrams v. DonatiNew York Court of Appeals · 1985
- Marx v. AkersNew York Court of Appeals · 1996
- Bansbach v. ZinnNew York Court of Appeals · 2003
- Glenn v. Hoteltron Systems Inc.New York Court of Appeals · 1989
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- Maldonado v. DiBreAppellate Division of the Supreme Court of the State of New York · 2016
- Stephanie Keller v. Estate of Edward Stephen McRedmondTennessee Supreme Court · 2016
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