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Breach of Fiduciary Claim Dismissed on Pleading and Statute of Limitations Grounds
In Celauro v. Celauro, 2025 N.Y. Slip Op. 04870 (Sept. 10, 2025), a minority shareholder of a family-owned business alleged that company executives operated an illicit cash business, diverted profits and deprived shareholders of distributions/dividends. The motion court dismissed most of the breach of fiduciary duty claim, finding many of the allegations to be time-barred under the six-year statute of limitations and the surviving claims too speculative.

Jeffrey Haber
Sep 17, 20255 min read
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