Lefkowitz v. Lebensfeld
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Sullivan, J. P.
The issue before us is whether the Attorney-General, purporting to represent the ultimate beneficiaries of a charitable organization, which is the donee of an unconditional gift of corporate stock, has standing to sue the corporation to compel both the declaration and payment of dividends and the payment of market value of those shares repurchased from the donee corporation at less than market value. We hold that no standing exists.
The defendants are United Industrial Syndicate, Inc. (United), a closely held corporation, and its directors. One of the…
2Cases cited19 opinions
- Tilden v. . GreenNew York Court of Appeals · 1891
- In re the Estate of RothkoNew York Court of Appeals · 1977
- Sherman v. Richmond Hose Co. No. 2New York Court of Appeals · 1921
- Wetmore v. . ParkerNew York Court of Appeals · 1873
- Williams v. . WilliamsNew York Court of Appeals · 1853
14 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Alco Gravure, Inc. v. Knapp FoundationNew York Court of Appeals · 1985
- Carl J. Herzog Foundation, Inc. v. University of BridgeportSupreme Court of Connecticut · 1997
- Smithers v. St. Luke's-Roosevelt Hospital CenterAppellate Division of the Supreme Court of the State of New York · 2001
- People v. GrassoAppellate Division of the Supreme Court of the State of New York · 2007
- Courtenay C. & Lucy Patten Davis Foundation v. Colorado State University Research FoundationWyoming Supreme Court · 2014
17 more not listed; retrieve them via the Exa API.