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STILWELL VALUE PARTNERS IV, L.P. v. CAVANAUGH

13874N, 653011/11

123 A.D.3d 641 (2014)

999 N.Y.S.2d 418

2014 NY Slip Op 09061

STILWELL VALUE PARTNERS IV, L.P., on Behalf of Itself and as a Shareholder on Behalf of NORTHEAST COMMUNITY BANCORP, INC., Appellant, v. DIANE B. CAVANAUGH et al., Respondents, and NORTHEAST COMMUNITY BANCORP, INC., Nominal Defendant-Respondent.

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

Decided December 30, 2014.

Plaintiff failed to show that Kilpatrick Townsend & Stockton LLP's representation of Northeast Community Bancorp., Inc. (Northeast Inc.), the nominal defendant, as well as of the other defendants, in this derivative action, presents a conflict of interest because Northeast Inc. would benefit from a judgment in plaintiff's favor on its behalf. Northeast Inc.'s interests are not adverse to those of the other defendants; Northeast...

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