Strycker's Bay Apartments, Inc. v. Walsh

In this article 78 proceeding, petitioners, a limited-profit housing company and one of its co-operator-stockholders, suing on behalf of all such stockholders similarly situated, seek an order compelling respondent, the Administrator of the Housing and Development Administration of the City of New York, to approve the action of the corporate petitioner’s board of directors in voting an increase in the carrying charges payable by the co-operator-stockholders, and further to enjoin respondent from imposing upon any stockholders a surcharge on their carrying charges for failure to execute and…