Court of Appeals of New York

In a shareholders derivative action brought to obtain damages resulting from defendant majority shareholder's illegal conduct, the order of the Appellate Division is modified where plaintiff is not collaterally estopped from litigating the futility of demand, and the board should not have indemnified defendant.

Appellate Information

• Decided 10/30/2003
• Published 10/30/2003

Judges

Court

• Court of Appeals of New York

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