09 Aug 2020
DiamondWorld Directory
Home |
SC Appellate Division upholds court’s decision on DDC lawsuit
Agrees to the dismissal of the lawsuit
By: Diamond World News Service
Jan 19 2011 12:45PM
Reference: 5660  


The New York State Supreme Court Appellate Justices have unanimously upheld an earlier decision made by the Supreme Court of New York, to dismiss a lawsuit against the Diamond Dealers Club. The lawsuit had been filed in February 2009, by David Abraham, petitioning to void a vote by DDC members in December 2008 to amend the Club's by-laws.

The Supreme Court’s Appellate Division announced its agreement with the Supreme Court's finding in March 2010 that DDC members' voting rights could not be suspended without "reasonable notice," and that a notice sent to DDC members by the Club's late president, Jacob Banda, about a special meeting in December 2008, complied with DDC by-laws. Mr. Abraham additionally was ordered to pay court costs.

"We welcome the Appellate Court's decision in that it confirms what we have always contended, which is that the Diamond Dealers Club operates in a transparent and aboveboard manner," said Dr. Martin Hochbaum, DDC managing director, speaking on behalf of the Club.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
HouseAd_Trade Fair
Search News by City
Kosher 23460
HouseAd_Trade Fair
Recent Issue
Kosher 23460
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 26907
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 1096
GJEPC Chairman Interview
Views: 24028
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 31183
Promo for IJ Awards 2012 at NDTV Profit
Views: 45439
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 57723
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 18406
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 44120
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 42306
Finestar Diamonds
Kosher 250300
Member of:
Supporter of: