Jennifer L. Stewart, a member of the litigation department of Smith Buss & Jacobs, LLP, has won a major case for her client involving a sponsor’s obligation to relinquish control of the Board of Directors of a residential cooperative. The decision of Supreme Court Judge Ellen M. Coin, in 420 West 206th Street Owners Corp. v. Edward Lorick, et al. discusses the conflict between a sponsor’s obligation to relinquish control of a residential cooperative and the right of a sponsor shareholder to vote its shares, and addresses the different manners in which this issue has been interpreted by the Courts of the First and Second Departments.  We are pleased that the Court agreed with our interpretation of the Bylaws, and that the homeowners are one step closer to gaining control of their cooperative.