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SCHRON v. GRUNSTEIN

650702/10.

32 Misc.3d 231 (2011)

917 N.Y.S.2d 820

2011 NY Slip Op 21047

RUBIN SCHRON et al., Plaintiffs, v. LEONARD GRUNSTEIN et al., Defendants. Mich II HOLDINGS LLC, Individually and as Members Suing Derivatively on Behalf of SMV PROPERTY HOLDINGS LLC, et al., Plaintiffs, v. RUBIN SCHRON et al., Defendants.

Supreme Court, New York County.

Decided January 20, 2011.

Attorney(s) appearing for the Case

Dechert, LLP, New York City ( Steven A. Engel, , Andrew J. Levander, , Kevin J. O'Brien , Michael H. Park , and Robert W. Topp of counsel), for plaintiffs.

DLA Piper LLP (US), New York City ( Anthony P. Coles , Shand S. Stephens and Michael R. Hepworth of counsel), for defendants.

OPINION OF THE COURT

JAMES A. YATES, J.

This case concerns the commercial affairs and relationships of plaintiff Rubin Schron and various business entities (hereinafter plaintiffs), named in the complaint, which he and his family control. The complaint alleges that several of Schron's advisors and business associates (hereinafter defendants) undertook to exploit the trust vested in them for their own financial...

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