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MADISON LIQUIDITY INVESTORS 103 LLC v. CAREY

291 A.D.2d 362 (2002)

739 N.Y.S.2d 18

MADISON LIQUIDITY INVESTORS 103 LLC et al., Respondents, v. H. AUGUSTUS CAREY et al., Appellants.

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

Decided February 28, 2002.

As New York resident shareholders in respondent foreign corporations, petitioners are entitled to inspect the corporations' shareholder lists for the avowed purpose of soliciting sales of stock from other shareholders (Business Corporation Law § 1315; Matter of Crane Co. v Anaconda Co., 39 N.Y.2d 14). It does not avail respondents to argue that petitioners' intent is to purchase less than a controlling interest at a "discount...

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