Defendant Inlet Valley Land Cooperative, Inc. (hereinafter Inlet Valley) is a small land cooperative located in the Town of Ithaca, Tompkins County. Five years after its formation, a dispute regarding one of the leaseholds arose among cooperative members. During the ensuing controversy, the shareholders of Inlet Valley discovered that plaintiff Jerold Weisburd (hereinafter Weisburd), the sponsor and promoter of the cooperative, neglected...
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