VACCO v. DIAMANDOPOULOS


185 Misc.2d 724 (1998)

715 N.Y.S.2d 269

DENNIS C. VACCO, as Attorney General of the State of New York, Plaintiff, v. PETER DIAMANDOPOULOS et al., Defendants.

Supreme Court, New York County.

April 6, 1998.


Attorney(s) appearing for the Case

Robinson Silverman Pearce Aronsohn & Berman L. L. P., New York City (Herbert Teitelbaum of counsel), for Peter Diamandopoulos, defendant.

Arkin Schaffer & Kaplan L. L. P., New York City (Stanley Arkin of counsel), for Ernesta Procope and others, defendants.

Dennis C. Vacco, pro se, and Elizabeth M. Guggenheimer, New York City, for Dennis C. Vacco, plaintiff.


OPINION OF THE COURT

CHARLES EDWARD RAMOS, J.

This action was commenced by the Attorney General to hold the individual defendants, former members of the Board of Trustees of Adelphi University, financially accountable for mismanagement of the assets of the University, in violation of the Not-For-Profit Corporation Law. The Attorney General also seeks partial return of a retainer paid to defendant Arkin, Schaffer & Kaplan L. L. P. (Arkin Schaffer). Defendants...

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