Commercial Division Blog

Posted: November 8, 2016 / Categories Commercial, Business Divorce

No Cause of Action for Accounting Where Demand for Accounting Not Made and Refused

On November 1, 2016, the First Department issued a decision in NWM Capital, LLC v. Scharfman, 2016 NY Slip Op. 07127, dismissing a claim for an accounting, "given the lack of any allegations that a demand for an accounting was refused."