Tzolis v. Wolff

884 N.E.2d 1005 (2008)

Study Aids
Case Briefs Overview
Casebooks
Case Briefs
T
From our private database of 46,200+ case briefs, written and edited by humans—never with AI.

Tzolis v. Wolff

Court of Appeals of New York
884 N.E.2d 1005 (2008)

  • Written by John Caddell, JD

Facts

Pennington Property Co., LLC (PPC) owned an apartment building in Manhattan. PPC’s managers (defendants) allegedly colluded with others to lease and later sell the building for less than fair market value. The plaintiffs collectively own a 25 percent share of PPC. They sued individually and on behalf of PPC seeking, among other things, to void the sale and terminate the lease. The trial court dismissed the complaint, ruling that the plaintiffs could not sue individually because the wrongs alleged were suffered by PPC; and that they could not sue on behalf of PPC because New York law does not permit LLC derivative actions. The appellate court reversed, finding that New York law does permit derivative actions by members on behalf of LLCs. The defendants appealed.

Rule of Law

Issue

Holding and Reasoning (Smith, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 788,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 788,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,200 briefs, keyed to 988 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 788,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,200 briefs - keyed to 988 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership

Casebooks

Business Associations

Key Terms