Although Individual Board Members Owed a Fiduciary Duty to Individual Condo Owners, the Corporation Did Not (NY)

Condominiums—Homeowners Associations—Business Judgment Rule—Plaintiff May Assert Claim for Breach of Fiduciary Duty and Punitive Damages Against Individual Members of a Board of Directors, But Not Against the Corporation Itself—Although Individual Board Members Owed a Fiduciary Duty to Individual Condominium Owners, the Corporation Did Not Owe Such Duty   Read the article………..


Related Articles

Law Firm Loses Appeal – Faces Legal Malpractice Claims (NY)

Kagan, Lubic, Lepper, Finkelstein & Gold LLP v. 325 Fifth Avenue Condominium and The Board of Managers of 325 Fifth

Recent Rulings On Condo Contracts Have Widespread Significance

The Interstate Land Sales Full Disclosure Act, a federal statute that was initially designed to prevent unscrupulous land sales of

The State of the Business Judgment Rule Appellate Court Rulings (NY)

The greatest changes in cooperative and condominium law this past year did not come from the legislature or from the