Guzov, LLC successfully facilitated a cooperative shareholder’s right to review the books and records of his co-op. Justice Lebovits granted Guzov, LLC’s Article 78 petition to view corporate records demonstrating that a shareholder in a co-op has the same legal rights to documents as shareholders in other public and closely-held corporations doing business in the State of New York. In ruling as it did, the Court confirmed the intrinsic right of shareholders to protect their investments.
View the Court’s decision here.