Berger v. Lipkowitz Property, Inc.

Appellate Division of the Supreme Court of New York

Berger v. Lipkowitz Property, Inc.

57 A.D.2d 817, 395 N.Y.S.2d 14, 1977 N.Y. App. Div. LEXIS 12008

CourtAppellate Division of the Supreme Court of the State of New York

DecidedMay 26, 1977

StatusPublished

This text of 57 A.D.2d 817 (Berger v. Lipkowitz Property, Inc.) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Berger v. Lipkowitz Property, Inc., 57 A.D.2d 817, 395 N.Y.S.2d 14, 1977 N.Y. App. Div. LEXIS 12008 (N.Y. Ct. App. 1977).

Pincite

Opinion

Order, Supreme Court, New York County, entered on March 7, 1977, granting plaintiff’s application for delivery of a stock certificate representing stock in the defendant corporation unanimously reversed, on the law, and the application denied, without prejudice, as prematurely made. Appellant shall recover of respondent $60 costs and disbursements of this appeal. Plaintiff brought on a stockholder’s derivative action alleging that through her parents she is the owner of 10 shares of defendant’s common stock and that neither she nor her predecessors in interest had ever been issued a stock certificate. Prior to interposition of a [818]*818responsive pleading and prior to expiration of time to serve such pleading, she successfully brought on a motion to direct the defendant to deliver and issue the certificate. CPLR 3212 (subd [a]) provides that a party may move for summary judgment after issue has been joined. Special Term directed issuance of the stock certificate, thus determining ownership which was an issue in the main action, and thereby rendered a summary judgment. The question of standing in order to bring on the stockholder’s derivative action was therefore impermissibly decided prior to the joinder of issue. Concur— Lupiano, J. P., Silverman, Evans and Markewich, JJ.

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Order, Supreme Court, New York County, entered on March 7, 1977, granting plaintiff’s application for delivery of a stock certificate representing stock in the defendant corporation unanimously reversed, on the law, and the application denied, without prejudice, as prematurely made. Appellant shall recover of respondent $60 costs and disbursements of this appeal. Plaintiff brought on a stockholder’s derivative action alleging that through her parents she is the owner of 10 shares of defendant’s common stock and that neither she nor her predecessors in interest had ever been issued a stock certificate. Prior to interposition of a [818]*818responsive pleading and prior to expiration of time to serve such pleading, she successfully brought on a motion to direct the defendant to deliver and issue the certificate. CPLR 3212 (subd [a]) provides that a party may move for summary judgment after issue has been joined. Special Term directed issuance of the stock certificate, thus determining ownership which was an issue in the main action, and thereby rendered a summary judgment. The question of standing in order to bring on the stockholder’s derivative action was therefore impermissibly decided prior to the joinder of issue. Concur— Lupiano, J. P., Silverman, Evans and Markewich, JJ.

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Bluebook (online)

57 A.D.2d 817, 395 N.Y.S.2d 14, 1977 N.Y. App. Div. LEXIS 12008, Counsel Stack Legal Research, https://law.counselstack.com/opinion/berger-v-lipkowitz-property-inc-nyappdiv-1977.