January 19,2021, M&H Wins Affirmance And Dismissal Of Shareholder Derivative Action

In this shareholder derivative action stemming from a putative real-estate development venture, the Appellate Division, First Department, in accordance with M&H’s arguments on appeal, affirmed the dismissal of the amended complaint on the grounds that the plaintiffs had impermissibly intermingled their derivative and individual claims for breach of fiduciary duties and unjust enrichment.

Billig v. Schwartz