In this derivative action, plaintiff Nicholas Romanoff, a 1% shareholder in New Roads, which entity, through a wholly owned subsidiary, GHC, owns a five-story commercial building in Manhattan, seeks damages and to set aside a conveyance of real property based upon, inter alia, alleged breaches of fiduciary duty by his now deceased grandfather, Gerald Romanoff, whose action were allegedly aided and abetted by the other defendants.
The court properly applied the doctrine...
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