Legal Opinion
In Re Bank of New York Derivative Litigation
District Court, S.D. New York
Decided November 27, 2001No. 99 Civ. 9977(DC), 99 Civ. 10616(DC)PublishedCited by 5 opinions
1Opinion of the Court
OPINION
CHIN, District Judge.
In this shareholder derivative action, plaintiffs Mildred and Edward J. Kaliski allege that certain officers and directors of nominal defendants Bank of New York Company, Inc. (the “Company”) and its wholly-owned subsidiary Bank of New York (“BONY”) committed systemic wrongdoing in the early and mid-1990’s when they sought to expand BONY’s banking business in Russia. Plaintiffs, however, did not buy their BONY stock until July 21,1998, well after all or most of the alleged wrongdoing had occurred.
Defendants move to dismiss the complaint on the ground that…
2Cases cited5 opinions
- Bangor Punta Operations, Inc. v. Bangor & Aroostook RailroadSupreme Court of the United States · 1974
- United States v. Pitney Bowes, Inc., Edo Corporation Plessey, Inc. Vernitron Corp., Baii Banking Corp., Movant-AppellantCourt of Appeals for the Second Circuit · 1994
- New York News, Inc. v. KheelCourt of Appeals for the Second Circuit · 1992
- Fed. Sec. L. Rep. P 92,536 Philip B. Bateson v. Magna Oil CorporationCourt of Appeals for the Fifth Circuit · 1969
- Cohen v. BlochDistrict Court, S.D. New York · 1980
3Cited by5 opinions
- In Re: Bank of New York Derivative Litigation. Mildred Kaliski and Edward J. Kaliski, Rita Hochenbaum and Rochelle Phillips, Charles H. Beck, on Behalf of the Bank of New York Company, Inc. Consolidated-Plaintiff v. J. Carter Bacot, Gerald L. Hassell, Deno D. Papageorge, Alan R. Griffith, Thomas A. Renyi, John A. Luke, Jr., William R. Chaney, William C. Richardson, Catherine Rein, Richard Barth and Donald L. Miller, the Bank of New York Company, Inc. And the Bank of New York, Nominal-Defendants-Appellees, Sergei Kotov and Vladimir GalitzineCourt of Appeals for the Second Circuit · 2003
- Medical Diagnostic Imaging, PLLC v. Carecore National, LLCDistrict Court, S.D. New York · 2008
- Plymouth County Retirement Ass'n v. SchroederDistrict Court, E.D. New York · 2008
- Kaliski v. BacotCourt of Appeals for the Second Circuit · 2003
- Canadian St. Regis v. State of New YorkDistrict Court, N.D. New York · 2025