Sweeney, Cohn, Stahl & Vaccaro v. Kane
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Crane, J.
This case presents an unusual request for relief, a so-called reverse-piercing of the corporate veil with the objective of applying a corporate asset to satisfy judgments against a shareholder. On motions and a cross motion for summary judgment, the Supreme Court denied resort to this remedy and dismissed the complaint. The Supreme Court reached this result because the stock of the defendant corporation, incorporated in the State of Florida, is held by the individual defendants, a husband and wife, as tenants by the entireties. Florida law protects such holdings…
2Cases cited25 opinions
- Morris v. New York State Department of Taxation & FinanceNew York Court of Appeals · 1993
- Fletcher v. Atex, Inc.Court of Appeals for the Second Circuit · 1995
- Intercontinental Planning, Ltd. v. Daystrom Inc.New York Court of Appeals · 1969
- James v. PowellNew York Court of Appeals · 1967
- Walkovszky v. CarltonNew York Court of Appeals · 1966
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3Cited by23 opinions
- Jonas v. Estate of LevenDistrict Court, S.D. New York · 2015
- Millennium Construction, LLC v. LoupoloverAppellate Division of the Supreme Court of the State of New York · 2007
- Com'r of Env. Prot. v. State Five Indus.Supreme Court of Connecticut · 2012
- Bibbo v. ArvanitakisAppellate Division of the Supreme Court of the State of New York · 2016
- Klein v. Cavi Acquisition, Inc.Appellate Division of the Supreme Court of the State of New York · 2008
18 more not listed; retrieve them via the Exa API.