NAMA HOLDINGS, LLC v. GREENBERG TRAURIG, LLP


62 A.D.3d 578 (2009)

880 N.Y.S.2d 34

NAMA HOLDINGS, LLC, for Itself and Derivatively on Behalf of ALLIANCE NETWORK, LLC and Others, Respondent, v. GREENBERG TRAURIG, LLP, et al., Appellants.

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

Decided May 26, 2009.


Plaintiff, a member of Alliance Network, LLC (a limited liability company), had standing to bring this derivative action alleging that the law firm and one of its partners representing the LLC and its managers in other litigation had a conflict of interest as a result of the managers' involvement and the partner's hidden financial interest in a competing project. The motion court correctly discerned the plain meaning of the company's operating agreement and the unambiguous...

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