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LEOPOLD v. UNITED CAPITAL CORP.

11787, 107342/11

114 A.D.3d 553 (2014)

980 N.Y.S.2d 755

2014 NY Slip Op 1243

MICHAEL LEOPOLD, Individually and on Behalf of All Others Similarly Situated, Appellant, v. UNITED CAPITAL CORP. et al., Respondents.

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

Decided February 20, 2014.

Order, Supreme Court, New York County (O. Peter Sherwood, J.), entered November 8, 2012, which granted defendants' motion to dismiss the complaint, unanimously affirmed, without costs.

In this action governed by Delaware law, plaintiff alleges that the individual defendants who are owners and/or directors of the corporate defendant breached their fiduciary duties by delisting and deregistering the corporation's common stock...

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