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TIEMANN PLACE v. 55 TIEMANN

159958/14, 965.

141 A.D.3d 56 (2016)

33 N.Y.S.3d 174

2016 NY Slip Op 04007

In the Matter of TIEMANN PLACE REALTY, LLC, et al., Petitioners/Counterclaim Respondents-Respondents, v. 55 TIEMANN OWNERS CORP., Respondent/Counterclaim Petitioner-Appellant, et al., Respondents, et al., Additional Counterclaim Respondents.

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

Decided May 24, 2016.

Attorney(s) appearing for the Case

Gallet Dreyer & Berkey, LLP, New York City (Pamela Gallagher of counsel), for appellant.

Pavia Harcourt LLP, New York City (Brandon C. Sherman, Ivan Serchuk, and Adam D. Mitzner of counsel), for respondents.

OPINION OF THE COURT

We are called upon to decide the status of holders of unsold shares in the context of control of a coop's board of directors. Specifically, four days before the 55 Tiemann Owners Corp.'s (the coop) scheduled June 17, 2014 annual meeting, the sponsor, Tiemann...

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