Schloss v. Arkwin Indus., Inc., 460 N.E.2d 1090 (NY 1984). · Go Syfert
Search
Schloss v. Arkwin Indus., Inc., 460 N.E.2d 1090 (NY 1984). Cases Citing This Book View Copy Cite
55 citation events (33 in the last 25 years) across 13 distinct courts.
Strongest positive: Berger v. Intelident Solutions, Inc. (delch, 2006-10-12)
Treatment trajectory · 1986 → 2026 · click a year to view as-of
1986 2006 2026
Top citers, strongest first. 5 distinct citers.
discussed Cited as authority (rule) Berger v. Intelident Solutions, Inc.
Del. Ch. · 2006 · confidence medium
Schloss Assocs. v. Arkwin Indus., 61 N.Y.2d 700 , 472 N.Y.S.2d 605 , 460 N.E.2d 1090, 1091 (1984) (adopting the dissenting opinion of Mangano, J. at the Appellate Division as Court of Appeals opinion), rev'g 90 A.D.2d 149 , 455 N.Y.S.2d 844 (1982); see also Szaloczi, 90 P.3d at 842 n. 9. [51] See Szaloczi, 90 P.3d at 842 (Colo.2004) (applying New York law and noting that a "dissenting shareholder may not seek compensatory damages in addition to the appraisal remedy"). [52] See, e.g., Walter J.
discussed Cited as authority (rule) Fleming v. International Pizza Supply Corp.
Ind. · 1997 · confidence medium
Schloss Assocs. v. Arkwin Indus., Inc., 90 A.D.2d 149 , 455 N.Y.S.2d 844, 851-852 (N.Y.App.Div.1982) (Mangano, J., dissenting), dissent adopted, 61 N.Y.2d 700 , 472 N.Y.S.2d 605, 606 , 460 N.E.2d 1090, 1091 (1984) (holding that although New York corporate statute provided an exception from the appraisal remedy for unlawful or fraudulent corporate action, “[a]n action for damages alone will not lie, since this would allow a dissenting shareholder, by merely alleging fraudulent or unlawful corporate conduct, to seek therein the identical relief available to him in appraisal proceedings”).
cited Cited as authority (rule) Jerry Czajkowski Lonia Czajkowski v. Peter Jovanovich Harcourt Brace, Jovanovich, Inc.
9th Cir. · 1994 · confidence medium
Schloss Assocs. v. Arkwin Indus., 460 N.E.2d 1090, 1091 (N.Y.1984) (adopting dissenting opinion of Mangano, J., at Appellate Division as Court of Appeals opinion).
discussed Cited "see, e.g." Collins v. Telcoa International Corp.
N.Y. App. Div. · 2001 · signal: see also · confidence low
“Allowing the prosecution of a legal action for damages after the exercise of the right of appraisal would be unnecessarily duplicative in that full and proper monetary recovery of the fair value of the dissenters’ shares may be obtained in the appraisal proceeding” (Breed v Barton, supra, at 87 ; see also, Schloss Assocs. v Arkwin Indus., 61 NY2d 700 , revg on dissenting opn of Mangano, J., 90 AD2d 149, 153-162 ).
discussed Cited "see, e.g." Lazar v. Robinson Knife Manufacturing Co.
N.Y. App. Div. · 1999 · signal: see also · confidence low
A narrow exception to the exclusivity rule is provided in Business Corporation Law § 623 (k), which authorizes “a dissenting stockholder to bring an ‘appropriate action’ in his individual capacity to remedy unlawful or fraudulent corporate conduct” (Breed v Barton, 54 NY2d 82, 86 ; see also, Schloss Assocs. v Arkwin Indus., 61 NY2d 700 , revg on dissenting opn of Mangano, J., 90 AD2d 149, 158 ).
Walter J. Schloss Associates
v.
Arkwin Industries, Inc.
New York Court of Appeals.
Jan 10, 1984.
460 N.E.2d 1090
APPEARANCES OF COUNSEL, Eugene R. Scheiman, Stephen F. Selig, Thomas E. Al-bright and William A. Brandt, Jr., for appellants., Stephen Lowey, Bernard A. Green and Edwin A. Wolf for respondent.
Cited by 22 opinions  |  Published

OPINION OF THE COURT

Order reversed, with costs, defendants’ motion to dismiss the complaint granted and question certified answered in the negative for reasons stated in the dissenting opinion by Justice Guy J. Mangano at the Appellate Division (90 AD2d 149, 153-162).

Concur: Chief Judge Cooke and Judges Jasen, Jones, Wachtler, Meyer, Simons and Kaye.