SHATZ v. CHERTOK

655620/18.

180 A.D.3d 609 (2020)

117 N.Y.S.3d 239

2020 NY Slip Op 01383

Daniel Shatz, Respondent-Appellant, v. Douglas Chertok et al., Appellants-Respondents, et al., Defendants.

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

Decided February 27, 2020.


Plaintiff alleges derivatively that defendants breached their fiduciary duties to the corporation by, inter alia, (1) failing to pursue a previously-agreed upon investment opportunity; (2) diverting that opportunity to another entity in which defendant Chertok has an interest; and (3) failing to disclose to the corporation the renewed availability of the investment opportunity. Defendants argue that the claim is barred because the corporation's operating agreement gives them...

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