Court Rejects Derivative Action Settlement That Treats Similarly-Situated Shareholders Differently
Commercial Case Notes / Derivative Actions

Court Rejects Derivative Action Settlement That Treats Similarly-Situated Shareholders Differently

On December 10, 2021, Justice Borrok of the New York County Commercial Division issued a decision in Matter of Renren Inc. Derivative Litig. v. XXX, 2021 NY Slip Op. 51176(U), rejecting a derivative action settlement that treated similarly-situated shareholders differently . . . Continue reading Court Rejects Derivative Action Settlement That Treats Similarly-Situated Shareholders Differently

Common Law Right to Inspect Books and Records Cannot be Used to Supplement Discovery in Litigation
Commercial Case Notes / Corporations / Discovery/Disclosure

Common Law Right to Inspect Books and Records Cannot be Used to Supplement Discovery in Litigation

On December 14, 2021, Justice Platkin of the Albany County Commercial Division issued a decision in Galasso v. Cobleskill Stone Prods., Inc., 2021 NY Slip Op. 51190(U), holding that the common law right of inspection cannot be used to circumvent limitations on the scope or timing of disclosure in pending litigation . . . Continue reading Common Law Right to Inspect Books and Records Cannot be Used to Supplement Discovery in Litigation