Legal Opinion
Abrams v. Donati
New York Court of Appeals
Decided December 17, 1985PublishedCited by 169 opinions
1Opinion of the Court
*953OPINION OF THE COURT
Memorandum.
The judgment appealed and the order of the Appellate Division brought up for review should be affirmed, with costs.
For a wrong against a corporation a shareholder has no individual cause of action, though he loses the value of his investment or incurs personal liability in an effort to maintain the solvency of the corporation (Citibank v Plapinger, 66 NY2d 90, 93, n; General Motors Acceptance Corp. v Kalkstein, 101 AD2d 102, appeal dismissed 63 NY2d 676; Fifty States Mgt. Corp. v Niagara Permanent Sav. & Loan Assn., 58 AD2d 177). Exceptions to that rule have…
2Cases cited11 opinions
- Citibank, N. A. v. PlapingerNew York Court of Appeals · 1985
- Brock v. . PoorNew York Court of Appeals · 1915
- General Rubber Co. v. . BenedictNew York Court of Appeals · 1915
- Fifty States Management Corp. v. Niagara Permanent Savings & Loan Ass'nAppellate Division of the Supreme Court of the State of New York · 1977
- Hammer v. WernerAppellate Division of the Supreme Court of the State of New York · 1933
6 more not listed; retrieve them via the Exa API.
3Cited by169 opinions
- Lama Holding Co. v. Smith Barney Inc.New York Court of Appeals · 1996
- Anwar v. Fairfield Greenwich Ltd.District Court, S.D. New York · 2010
- Caprer v. NussbaumAppellate Division of the Supreme Court of the State of New York · 2006
- Greenberg Traurig of New York, P.C. v. Moody, Texas Court of Appeals, 14th District (Houston)2005
- Henneberry v. Sumitomo Corp. of AmericaDistrict Court, S.D. New York · 2006
164 more not listed; retrieve them via the Exa API.