September 2018
Habitat
Owners of cooperative and condominium apartments have the right to bring derivative actions against their boards. Simply put, derivative actions allow a shareholder to sue on behalf of a corporation. But under what circumstances and with what notice? That is one issue addressed in a recent decision, Avramides v. Moussa.
September 2018
Habitat
Owners of cooperative and condominium apartments have the right to bring derivative actions against their boards. Simply put, derivative actions allow a shareholder to sue on behalf of a corporation. But under what circumstances and with what notice? That is one issue addressed in a recent decision, Avramides v. Moussa.