Majority
Plaintiffs’ first cause of action, insofar as it alleges that defendant residential cooperative breached its fiduciary duty to plaintiff Simon’s decedent when, through use of false statements about plaintiffs, it attempted to influence the decedent not to transfer her interest in the subject apartment to plaintiffs, was properly dismissed on the ground that the complaint fails to allege how the co-op’s treatment of the decedent differed from its treatment of other similarly situated shareholders (see Aronson v Crane, 145 AD2d 455 , 456 [1988]; Smolinsky v 46 Rampasture Owners, 230 AD2d 620 , 622 [1996]). The remainder of the first cause of action, which alleges that it was also a breach of fiduciary duty for the co-op to rely on such false statements in rejecting first the decedent’s and then plaintiffs’ requests for a transfer of the shares, was properly dismissed on the ground that such allegations do not show the bad faith necessary to permit an inference that the rejection was motivated by other than legitimate concerns for the welfare of the co-op and its shareholders (see Simpson v Berkley Owner’s Corp., 213 AD2d 207 [1995]; Peabody v Crosby Landmark Corp., 269 AD2d 190 [2000]). The same failure to sufficiently allege bad faith warrants dismissal of the second cause of action, which
Cases cited
- Aronson v. Crane 145 AD2d 455 at 456 p. 319
- Smolinsky v. 46 Rampasture Owners, Inc. 230 AD2d 620 at 622 p. 319
- Simpson v. Berkley Owner's Corp. 213 AD2d 207 p. 319
- Foley v. D'Agostino 21 AD2d 60 at 63 p. 320
- Vardi v. Mutual Life Insurance 136 AD2d 453 at 456 p. 320
- Howell v. New York Post Co. 81 NY2d 115 at 122 p. 320