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LNYC v. HUDSON OPPORTUNITY

650969/11, 4096.

154 A.D.3d 109 (2017)

2017 NY Slip Op 06147

57 N.Y.S.3d 479

LNYC LOFT, LLC, Appellant, v. HUDSON OPPORTUNITY FUND I, LLC, et al., Defendants, and JANI DEVELOPMENT II, LLC, et al., Respondents.

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

Decided August 15, 2017.

Attorney(s) appearing for the Case

Rosenfeld & Kaplan, LLP, New York City ( Steven M. Kaplan of counsel), for appellant.

Ganfer & Shore, LLP, New York City ( Steven J. Shore , Ira B. Matetsky and Justin R. Bonanno of counsel), for respondents.

ACOSTA, P.J., RENWICK, MAZZARELLI and ANDRIAS, JJ., concur.

OPINION OF THE COURT

In Tzolis v Wolff (10 N.Y.3d 100 [2008]), the Court of Appeals recognized the right of a member to sue derivatively on behalf of an LLC, leaving it to the courts to further define "[w]hat limitations on the right of LLC members to sue derivatively may...

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