Patrick v. Allen
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM AND ORDER
PAULEY, District Judge.
Stuart K. Patrick (“Plaintiff’ or “Patrick”), a shareholder and former director of Real Property Owners, Inc. (“RPO”), brings this diversity action against the directors of RPO (collectively, “Defendants”). Patrick alleges that Defendants breached their fiduciary duties to RPO and its shareholders and committed corporate waste by mismanaging RPO’s lone asset: a 174-acre property in Nassau County that has been leased to Deepdale Golf Club (“Deepdale”) at break-even rent for the past 48 years.
Presently before this Court is Defendants’ motion to dismiss…
2Cases cited26 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- Aronson v. LewisSupreme Court of Delaware · 1984
- Auerbach v. BennettNew York Court of Appeals · 1979
- Allen v. Westpoint-Pepperell, Inc.Court of Appeals for the Second Circuit · 1991
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- Solutia Inc. v. FMC Corp.District Court, S.D. New York · 2005
- Official Committee of Unsecured Creditors v. Sabine Oil & Gas Corp. (In re Sabine Oil & Gas Corp.)District Court, S.D. New York · 2016
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