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Trump Plaza -- board sued by shareholder

Started by NWT
over 13 years ago
Posts: 6643
Member since: Sep 2008
Discussion about 167 East 61st Street in Lenox Hill
The board of this land-lease co-op is being sued by 14B, alleging price-fixing. She says the board's exercise of its business judgement in rejecting a $675K sale wasn't reasonable. The court rejected the board's motion to dismiss, so the case will proceed. Decision is at http://decisions.courts.state.ny.us/fcas/fcas_docs/2011OCT/3001022822011001SCIV.pdf
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