Bildstein v. Atwater
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
—In a shareholder’s derivative action alleging, inter alia, breach of fiduciary duties, the plaintiff appeals from an order of the Supreme Court, Queens County (Dye, J.), dated September 30, 1994, which granted the defendants’ motion to dismiss the complaint.
Ordered that the order is affirmed, with costs.
The complaint alleges that the board of directors of General Electric Company (hereinafter GE) breached their fiduciary duties. A claim of this kind is brought under Business Corporation Law § 720, which is expressly subject to any provisions in the corporation’s certificate of incorporation…
2Cases cited7 opinions
- Barr v. WackmanNew York Court of Appeals · 1975
- Ott v. Automatic Connector, Inc.Appellate Division of the Supreme Court of the State of New York · 1993
- Elsky v. KM Insurance BrokersAppellate Division of the Supreme Court of the State of New York · 1988
- Curreri v. VerniAppellate Division of the Supreme Court of the State of New York · 1989
- Lewis v. WelchAppellate Division of the Supreme Court of the State of New York · 1987
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3Cited by7 opinions
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- Berardi v. BerardiAppellate Division of the Supreme Court of the State of New York · 2013
- PDK Labs, Inc. v. KrapeAppellate Division of the Supreme Court of the State of New York · 2000
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