double derivative claim (New York) · Go Syfert
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double derivative claim in New York

5 New York opinions name it 1 courts 2019–2021 2 in the last five years

The cases below were cited by New York courts in a sentence that names this issue. Sides come from how each citing opinion treated the case (Syfertize flag on that citation), so a case can appear on both: that is where the law is contested. A red or yellow chip is the case's own overall treatment.

Followed or applied (4)

CaseFollowedCited
Pessin v. Chris-Craft Industries, Inc.green
nyappdiv · 1992 · cited in 2 New York opinions naming this issue, 2020–2020
2 sentences

2020DISCUSSION In its well-reasoned opinion, Supreme Court correctly held that Fendt had no power to bring a double derivative claim on behalf of the limited partnership via A & F HHC, as A & F HHC was only a minority owner of the limited partnership ( see Pessin v Chris-Craft Indus. , 181 AD2d 66, 72 [1st Dept 1992]) [FN2] .

2020DISCUSSION In its well-reasoned opinion, Supreme Court correctly held that Fendt had no power to bring a double derivative claim on behalf of the limited partnership via A & F HHC, as A & F HHC was only a minority owner of the limited partnership ( see Pessin v Chris-Craft Indus. , 181 AD2d 66, 72 [1st Dept 1992]) [FN2] .

22
Kaufman v. Cohengreen
nyappdiv · 2003 · cited in 1 New York opinions naming this issue, 2019–2019
1 sentence

2019Thus, plaintiff, standing in the shoes of JJS shareholders, was required to plead with particularity that Francois concealed material facts from JJS shareholders, not FrancInvest shareholders, which he did ( Basis Yield Alpha Fund (Master) v Goldman Sachs Group, Inc. , 115 AD3d 128, 135 [1st Dept 2014]; see Euryclieia Partners, LP v Seward & Kissel, LLP , 12 NY3d 553, 559 [2009]; Kaufman v Cohen , 307 AD2d 113, 119-120 [1st Dept 2003]; Dembeck v 220 Cent.

11
Basis Yield Alpha Fund v. Goldman Sachs Group, Inc.green
nyappdiv · 2014 · cited in 1 New York opinions naming this issue, 2019–2019
1 sentence

2019Thus, plaintiff, standing in the shoes of JJS shareholders, was required to plead with particularity that Francois concealed material facts from JJS shareholders, not FrancInvest shareholders, which he did ( Basis Yield Alpha Fund (Master) v Goldman Sachs Group, Inc. , 115 AD3d 128, 135 [1st Dept 2014]; see Euryclieia Partners, LP v Seward & Kissel, LLP , 12 NY3d 553, 559 [2009]; Kaufman v Cohen , 307 AD2d 113, 119-120 [1st Dept 2003]; Dembeck v 220 Cent.

11
Eurycleia Partners, LP v. Seward & Kissel, LLPgreen
ny · 2009 · cited in 1 New York opinions naming this issue, 2019–2019
1 sentence

2019Thus, plaintiff, standing in the shoes of JJS shareholders, was required to plead with particularity that Francois concealed material facts from JJS shareholders, not FrancInvest shareholders, which he did ( Basis Yield Alpha Fund (Master) v Goldman Sachs Group, Inc. , 115 AD3d 128, 135 [1st Dept 2014]; see Euryclieia Partners, LP v Seward & Kissel, LLP , 12 NY3d 553, 559 [2009]; Kaufman v Cohen , 307 AD2d 113, 119-120 [1st Dept 2003]; Dembeck v 220 Cent.

11

Distinguished, questioned or overruled (0)

CaseNegativeCited
No negative-treatment citations attached to this issue in New York. Read the followed side critically anyway.

Also cited on this issue (1)

CaseCitedYears
Simon v. Francinvest, S.A. green
nyappdiv · 2019
2 sentences

2021Order, same court and Justice, entered April 13, 2020, which, insofar as appealed from as limited by the briefs, denied plaintiff's motion to renew, unanimously modified, on the law and the facts and in the exercise of discretion, to grant so much of the motion as was based on our December 2019 decision in a prior appeal ( Simon v FrancInvest, S.A., 178 AD3d 436 [1st Dept 2019]) and, upon renewal, to deny Kessler's motion to dismiss the eleventh cause of action (the double derivative claim for aiding and abetting fraud), and otherwise affirmed, without costs.

2021Order, same court and Justice, entered April 13, 2020, which, insofar as appealed from as limited by the briefs, denied plaintiff's motion to renew, unanimously modified, on the law and the facts and in the exercise of discretion, to grant so much of the motion as was based on our December 2019 decision in a prior appeal ( Simon v FrancInvest, S.A., 178 AD3d 436 [1st Dept 2019]) and, upon renewal, to deny Kessler's motion to dismiss the eleventh cause of action (the double derivative claim for aiding and abetting fraud), and otherwise affirmed, without costs.

22021–2021

Where else courts name it

DE 6 (1988–2026) NY 5 (2019–2021) NC 2 (2016–2026)

Opinions by the citing court's state. A doctrine retained in one state and abandoned in another shows up here as a year span that stalls.

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