OPINION AND ORDER
SHIRA A. SCHEINDLIN, District Judge.
I. INTRODUCTION
John Carfagno brings actions derivatively on behalf of Centerline Holding Company ("Centerline" or the "Company") and directly on behalf of the Company's share-holders, alleging that defendants, who are members of the Company's Board of Trustees, entered into a number of transactions with the purpose of "enriching insiders" at the "expense" of public shareholders.
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