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Sterling v. Minskoff

Appellate Division of the Supreme Court of New York, First Department
Apr 2, 1996
226 A.D.2d 125 (N.Y. App. Div. 1996)

Opinion

April 2, 1996

Appeal from the Supreme Court, New York County (Beatrice Shainswit, J.).


Plaintiff was not a partner in the partnership on whose behalf he purports to sue, and therefore does not have standing to bring a derivative suit ( see, Levine v. Murray Hill Manor Co., 143 A.D.2d 298, 301, lv dismissed 73 N.Y.2d 995). Plaintiff alleges causes of action for breach of defendant's fiduciary duty to the partnership, wrongs that give rise only to a derivative suit on behalf of the partnership, and not a private cause of action, even though plaintiff's interest in the partnership was allegedly diminished ( see, Strain v. Seven Hills Assocs., 75 A.D.2d 360, 371). Accordingly, the complaint was properly dismissed.

Concur — Milonas, J.P., Ellerin, Rubin, Ross and Mazzarelli, JJ.


Summaries of

Sterling v. Minskoff

Appellate Division of the Supreme Court of New York, First Department
Apr 2, 1996
226 A.D.2d 125 (N.Y. App. Div. 1996)
Case details for

Sterling v. Minskoff

Case Details

Full title:JAMES D. STERLING, Individually and on Behalf of 54-55 STREET COMPANY…

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

Date published: Apr 2, 1996

Citations

226 A.D.2d 125 (N.Y. App. Div. 1996)
639 N.Y.S.2d 822

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