Plaintiff limited partners allege that Stark, the partnership attorney, was, unbeknownst to them, also the personal attorney of defendant Myron Kaplan, a member of the limited liability company that is the partnership’s general partner, and that Stark fraudulently concealed from the partnership an investigation into improper trading by defendant Barbara Kaplan, the partnership’s stockbroker, who was also Myron’s sister. The investigation by the New York Stock Exchange (NYSE) concluded that Barbara had engaged in improper trading to the detriment of the partnership, for the benefit of Myron’s personal account.
In moving to renew the denial of his motion to dismiss, Stark submitted deposition testimony from the NYSE investigation which, he argued, demonstrated that a member of the limited liability company that was the general partner was aware of Barbara Kaplan’s improper trading, and there could thus be no fraudulent coverup as alleged in the complaint. The motion to renew was properly denied, as the new facts submitted would not have changed the prior determination (CPLR 2221 [e]; Montero v Elrac, Inc., 16 AD3d 284 [2005]). The deposition testimony did not establish that the general partner was aware of an investigation into Barbara’s improper conduct.
Plaintiffs established standing by demonstrating that a demand by the general partner, the limited liability company of which Myron Kaplan owned a 50% share, would have been futile (see Allison Publs. v Mutual Benefit Life Ins. Co., 197 AD2d 463, 464 [1993]).
We have considered all remaining arguments for affirmative relief and find them without merit. Concur—Andrias, J.P., Sullivan, Catterson, McGuire and Malone, JJ.
