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HAUSSMANN v. BAUMANN

Index No. 651500/20. Appeal No. 513-514. Case Nos. 2022-02491, 2022-04806.

217 A.D.3d 569 (2023)

192 N.Y.S.3d 81

2023 NY Slip Op 03407

Rebecca R. Haussmann, as Trustee of the Konstantin S. Haussmann Trust, et al., Appellants, v. Werner Baumann et al., Respondents, et al., Defendants. Bayer AG, Nominal Respondent.

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

Decided June 22, 2023.

Attorney(s) appearing for the Case

Bottini & Bottini, Inc., New York (Albert Y. Chang of counsel), for appellants.

Wachtell, Lipton, Rosen & Katz, New York (William Savitt of counsel), for Werner Baumann, Werner Wenning, Liam Condon, Paul Achleitner, Oliver Z&Udie;hlke, Simone Bagel-Trah, Norbert W. Bischofberger, Andre Van Broich, Ertharin Cousin, Thomas Elsner, Johanna Hanneke Faber, Colleen A. Goggins, Heike Hausfeld, Reiner Hoffmann, Frank L&Odie;llgen, Wolfgang Plischke, Petra Reinbold-Knape, Detlef Rennings, Sabine Schaab, Michael Schmidt-Kieáling, Otmar D. Wiestler, Norbert Winkeljohann, Clemens A.H. B&Odie;rsig, Thomas Fischer, Petra Kronen, Sue Hodel Rataj, Thomas Ebeling, Klaus Sturany, Heinz Georg Webers, Bayer Corporation, Horst Baier, Robert Gundlach, and Bayer AG, respondents.

Davis Polk & Wardwell LLP, New York (Lara Samet Buchwald of counsel), for Bank of America Corporation and BofA Securities, Inc., respondents.

Cahill Gordon & Reindel LLP, New York (Joel Kurtzberg, of counsel), for Credit Suisse Group AG and Credit Suisse AG, respondents.

Concur—Renwick, P.J., Kennedy, Scarpulla, Shulman, Higgitt, JJ.

Order, Supreme Court, New York County (Andrew Borrok, J.), entered on or about February 3, 2022, which granted defendants' motions to dismiss the complaint, unanimously affirmed, with costs. Order, same court and Justice, entered on or about October 25, 2022, which, to the extent appealable, denied plaintiffs' motion for leave to renew, unanimously affirmed, with costs.

Plaintiffs, who are shareholders of nominal defendant Bayer AG, commenced this derivative action...

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