LEO V. BERGER GRANTOR TRUST NO. 1 v. ADELL


292 A.D.2d 295 (2002)

739 N.Y.S.2d 258

LEO V. BERGER GRANTOR TRUST NO. 1 et al., Respondents, v. LEONARD ADELL et al., Defendants, and 771 DEVELOPMENT LLC et al., Appellants.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided March 26, 2002.


Plaintiffs have sufficiently alleged causes of action against defendants 771 Development LLC and 774 Development LLC for aiding and abetting a breach of fiduciary duty by defendants Matthew Adell and the Adell Corporation (Adellco). In this connection, the allegations of the complaint set forth with the requisite specificity a fiduciary relationship between Matthew Adell, Adellco and plaintiffs; the contemporaneous substantial interest of defendant Matthew Adell in defendants...

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