A co-op apartment corporation Board was sued for alleged failure to properly hire and supervise a contractor, which led to damage to an owner’s apartment.
A homeowners association Board was sued due to an alleged delay in repairing a building after a fire, resulting in monetary damages suffered by a homeowner. A condominium Board was sued for allegedly failing to properly maintain and repair a building, resulting in damages to several units. In each instance, the shareholder/homeowner claimed that the Board members had breached their fiduciary duty by mismanaging the association..
Continue reading “WHEN IS INSURANCE…NOT INSURANCE?”
