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PATRICK v. ALLEN

No. 04 Civ. 0657(WHP).

355 F.Supp.2d 704 (2005)

Stuart K. PATRICK, Plaintiff, v. Herbert ALLEN, III, Terry Allen Kramer, Nathaniel Kramer, Hans Kertess, Richard Rainwater, and Dixon Boardman, Defendants.

United States District Court, S.D. New York.

January 19, 2005.

Attorney(s) appearing for the Case

John Halebian, Lovell, Stewart, Halebian LLP, New York, NY, for Plaintiff.

Joel C. Feffer, Daniella Quitt, Wechsler Harwood LLP, New York, NY, for Plaintiff.

Richard A. Martin, Heller, Ehrman, White & McAuliffe LLP, New York, NY, for Defendants.

MEMORANDUM AND ORDER

PAULEY, District Judge.

Stuart K. Patrick ("Plaintiff or "Patrick"), a shareholder and former director of Real Property Owners, Inc. ("RPO"), brings this diversity action against the directors of RPO (collectively, "Defendants"). Patrick alleges that Defendants breached their fiduciary duties to RPO and its shareholders and committed corporate waste by mismanaging RPO's lone asset: a 174-acre property in Nassau County that has...

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