Legal Opinion
Novikov v. Oceana Holdings Corp.
New York Supreme Court
Decided November 3, 2014Published
1Opinion of the Court
OPINION OF THE COURT
Carolyn E. Demarest, J.
Petitioner brings an order to show cause seeking an inspection of documents pursuant to Business Corporation Law § 624. Respondent cross-moves for sanctions for frivolous conduct pursuant to 22 NYCRR 130-1.1 (a).
Background
The petitioner is a 20% owner of defendant Oceana Holdings Corp. (Oceana) which owns property at 1029 Brighton Beach Avenue, Brooklyn, NY (the property), intended for residential and commercial use. The petitioner alleges that he has not been permitted to inspect numerous Oceana documents including the minutes of the corporate…
2Cases cited5 opinions
- Crane Co. v. Anaconda Co.New York Court of Appeals · 1976
- Tatko v. Tatko Brothers Slate Co.Appellate Division of the Supreme Court of the State of New York · 1991
- Eklund v. PinkeyAppellate Division of the Supreme Court of the State of New York · 2006
- Lapsley v. Sorfin International, Ltd.Appellate Division of the Supreme Court of the State of New York · 2007
- Retirement Plan for Gen. Empls. of City of N. Miami Beach v. McGraw-Hill Cos., Inc.Appellate Division of the Supreme Court of the State of New York · 2014