| C & J Bros., Inc. v Hunts Point Term. Produce Coop. Assn., Inc. |
| 2020 NY Slip Op 01454 [181 AD3d 419] |
| March 3, 2020 |
| Appellate Division, First Department |
| Published by New York State Law Reporting Bureau pursuant to Judiciary Law § 431. |
| C & J Brothers, Inc., Respondent, v Hunts Point Terminal Produce Cooperative Association, Inc., Appellant. |
Fleming Ruvoldt PLLC, New York (Cathy Fleming of counsel), for appellant.
Freeman Mathis & Gary, LLP, Boston, MA (A. Neil Hartzell of the bar of the Commonwealth of Massachusetts, admitted pro hac vice, of counsel), for respondent.
Order, Supreme Court, Bronx County (Norma Ruiz, J.), entered on or about July 17, 2019, which denied defendant's motion for summary judgment dismissing the complaint, unanimously reversed, on the law, without costs, and the motion granted. The Clerk is directed to enter judgment accordingly.
"[I]t is well settled that a corporation does not owe fiduciary duties to its members or shareholders" (Hyman v New York Stock Exch., Inc., 46 AD3d 335, 337 [1st Dept 2007]; see Stalker v Stewart Tenants Corp., 93 AD3d 550, 552 [1st Dept 2012]). Here, while the complaint alleges that defendant's board of directors breached its fiduciary duty to plaintiff in refusing to approve the sale of certain units in the cooperative market to plaintiff, plaintiff brought this action solely against the cooperative corporation and thus, the complaint is dismissed. Concur—Acosta, P.J., Friedman, Mazzarelli, Webber, JJ.