GUTHARTZ v. GOLDRICK


19 Misc.3d 861 (2008)

855 N.Y.S.2d 358

ONA GUTHARTZ et al., Plaintiffs, v. THOMAS GOLDRICK, JR., et al., Defendants, and STATE BANCORP, INC., Nominal Defendant.

Supreme Court, Nassau County.

April 3, 2008.


Attorney(s) appearing for the Case

Certilman Balin Adler & Hyman, LLP, East Meadow (Thomas J. McNamara of counsel), for Thomas Goldrick, Jr., defendant.

Meyer Suozzi English & Klein, P.C., Garden City (Kevin Schlosser of counsel), for Richard W. Merzbacher, defendant.

Bracken & Margolin, LLP, Islandia (John P. Bracken of counsel), for Daniel T. Rowe, defendant.

Jaspan Schlesinger Hoffman, LLP, Garden City (Scott B. Fisher of counsel), for Frederick C. Braun, III, defendant.

Cadwalader Wickersham & Taft, LLP, New York City (Martin L. Seidel of counsel), for Kenneth M. Scheriff, defendant.

Farrell Fritz, P.C., Uniondale (James M. Wicks of counsel), for J. Thomas E. Christman and others, defendants.

Nixon Peabody, LLP, Jericho (Joseph P. Ortego of counsel), for Kevin Hennessy, defendant.

Law Offices of Robert P. Kirk, Jr., P.C., Garden City, for Peter J. Yovine, defendant.

Wolf Popper, LLP, New York City (Chet B. Waldman of counsel), and Wilkie & Wilkie, Hempstead (Robert A. Wilkie of counsel), for plaintiffs.

Thacher Proffitt & Wood, LLP, New York City (Kenneth E. Lee of counsel), for nominal defendant.

Foley & Lardner, LLP, New York City (Seth L. Levine of counsel), for Special Litigation Committee of State Bank.


OPINION OF THE COURT

IRA B. WARSHAWSKY, J.

Plaintiffs Ona Guthartz, First Wall Securities, Inc. and Alan Guthartz, as custodian for Jason Guthartz, bring this action derivatively (Business Corporation Law § 626) on behalf of nominal defendant State Bancorp, Inc. (State Bank or Bank) against its officers and directors alleging breach of fiduciary duty and corporate waste. Before the court are motions by the nonanswering defendants for an order pursuant...

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