American Baptist Churches of Metropolitan New York v. Galloway
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Rosenberger, J. P.
This action involves the alleged misappropriation of a corporate opportunity by an officer of a charity, who was retained to help the charity develop an AIDS care facility but seized control of the project himself. The main issue presented is whether the IAS Court erred in dismissing the complaint on the ground that a not-for-profit corporation could never sustain compensable damages from the loss of a corporate opportunity.
Plaintiff American Baptist Churches of Metropolitan New York (ABC Metro) is a not-for-profit religious corporation whose charitable…
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- Alexander & Alexander of New York, Inc. v. FritzenNew York Court of Appeals · 1986
- Lutherland, Inc. v. DahlenSupreme Court of Pennsylvania · 1947
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