☰ ☰

Co-op Board President Deposed in "Coup" at 1035 Fifth Avenue

1035 Fifth Avenue, Upper East Side, Manhattan

June 23, 2014 — Cuba. Chile. The Upper East Side. What do they have in common? If you go by a lawsuit filed by some shareholders at 1035 Fifth Avenue, each has been the site of a coup. The New York Daily News reports that former Martha Stewart Living Omnimedia CEO Charles Koppelman and others claim there's been a "corporate coup," with the results of a May 13 co-op board election having been overturned after the building's managing agent "found" a proxy that had been set aside "by mistake." Famed interior designer Richard Mishaan, newly elected as board president, was deposed in favor of former Goldman Sachs chairman Eugene Atkinson. Judge Nancy Bannon of New York County Supreme Court, Civil Branch, has barred the co-op board from meeting pending a hearing on June 27.

Subscribe

join now

Got elected? Are you on your co-op/condo board?

Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!