13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)

Citation: 13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
Parent Document: 13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
Jurisdiction: New York (state)
Effective Date: 2004-06-29
Original Source: https://www.courtlistener.com/opinion/6305035/13315-owners-corp-v-kennedy/ ↗

Other Sections in This Document (76)

13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
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13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
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13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
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13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
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13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
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13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
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13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
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13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
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13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)

Full Text

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If a proceeding is treated as a Pullman proceeding, then in its first phase of analysis the court must decide whether to apply the business judgment rule and defer to the board’s vote. If a shareholder successfully raises one of the three defenses to Pullman — (1) that the board acted beyond its authority, (2) not legitimately furthering corporate goals, or (3) in bad faith— then the court must move to the second phase of Pullman and use a competent-evidence analysis to determine whether the shareholder’s actions were objectionable.