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MATTER OF POKOIK v. 575 REALTIES, INC.

101239/14, 1311, 1310.

143 A.D.3d 487 (2016)

2016 NY Slip Op 06648

38 N.Y.S.3d 553

In the Matter of LEON POKOIK et al., Appellants, v. 575 REALTIES, INC., et al., Respondents.

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

Decided October 11, 2016.

In this appeal, we consider whether petitioners' right to inspect the books and records of respondent 575 Realties, Inc. (575) relating to salaries and compensation, pursuant to Business Corporation Law § 624 or the common law, should include the right to inspect the books and records of respondent SPMC, 575's wholly owned subsidiary. Stating that 575's financial statements listed salaries of in excess of $2 million per annum for the company and its subsidiaries but...

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