In this shareholder's derivative action, most of the alleged acts of corporate waste and breach of fiduciary duty occurred prior to August 13, 1975, and accordingly any cause of action with respect thereto is time-barred by the six-year Statute of Limitations (CPLR 213 [7]).
Plaintiff's allegation that Robert Blake's purchase of the property, 196-20 Northern Boulevard in Flushing, constituted usurpation of a corporate opportunity is entirely without merit. Plaintiff...
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