Tag Archives: standing

Doppelt v. Denahan, Index No. 652447/2013, 5/29/15 (Scarpulla, J.)

Shareholder derivative action; standing; motion to dismiss By Frank Tantone | Staff Writer Defendants were board members of a corporation. Plaintiff, was a shareholder of defendants’ corporation. The corporation issued a proxy statement to solicit shareholder approval to externalize the … Continue reading

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Skycom SRL v. F.A. & Partners, Inc., Index Nos. 155999/2013 & 155985/2013 (Kornreich, J).

By Evan Jaffe | Staff Writer Standing; Contract; breach; Unjust enrichment Plaintiff sub-subcontractor, a foreign corporation located in Milan, Italy, filed two actions against various contractors regarding the contractors’ failure to make payments on two high-rise construction projects. In Action … Continue reading

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Ambac Assurance Corporation v. EMC Mortgage LLC, Index No. 12665 651013/12 (Kapnick, J.).

By Evan Jaffe | Staff Writer Contract; breach; standing. Plaintiff brought suit seeking to recover losses for breaches of multiple sections of interconnected contracts involving residential mortgage-backed-securities (“RMBS”).  Plaintiff alleged Defendant’s fraud and misrepresentations caused Plaintiff to pay over $300 … Continue reading

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Evgeny “Gene” Friedman v. The New York City Taxi and Limousine Commission, et al., Index No. 653966/2013, 8/11/14 (Schweitzer, M.).

Contract; Breach; Class Action; Certification; Standing. By: Rachel Allen┃Managing Editor Putative class plaintiff moved for class certification in his suit against defendants, the New York City Taxi and Limousine Commission (TLC), the Chairman and Commissioner of the TLC, and Transportation … Continue reading

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Kenney v Immelt, Index No. 650542/2012, 5/8/2013 (Bransten, J.)

Shareholder derivative claims; BCL § 626 demand requirement; wrongful refusal; discovery; standing By Joshua Goldman┃Editor-In-Chief Plaintiffs are GE shareholders. Plaintiff 1 became a shareholder in August 2004 and Plaintiff 2 in January 2009. In early 2008, one of GE’s subsidiaries, contributing … Continue reading

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