Appellate Ruling Puts Pappas v. Tzolis to the Test
By EsqSocial Corporation 01/06/21
The New York Court of Appeals’ 2012 opinion in Pappas v Tzolis, decided in the wake and spirit of that court’s rulings the year before in the Centro Empresarial v America Movil and Arfa v Zamir cases, raised the bar for claims of fraud and breach of fiduciary duty brought by non-controlling shareholders and LLC members in connection with buyout transactions....
By: Farrell Fritz, P.C.