Hon. Stephen G. Crane (Ret.)

T: 212-751-2700
F: 212-751-4099

Locations

Available worldwide
Business/Commercial

A retired senior justice of the Appellate Division of the New York Supreme Court and former Commercial Division Justice, Judge Crane has confronted complex business and commercial litigations and appeals as a judge.  As one of the five original Commercial Division judges in the State of New York his caseload for over five years consisted of just such disputes.

Since joining JAMS in 2008, Judge Crane has had a substantial caseload as a neutral in mediating, arbitrating and supervising issues involved in commercial and business cases.

Representative Matters

  • Action to fix the value of minority shares in a close corporation pursuant to Business Corporation Law §1118
  • Action in quantum meruit for an attorney’s fee bonus above time charges with counterclaims for legal malpractice in complex estate proceeding
  • Corporate dissolution proceeding requiring valuation of shares and the application of a lack-of-marketability discount to the entire value of the stock rather than to good will alone
  • Action on a guarantee where the guarantor had not consented to modifications of the terms of the note that was the subject of the guarantee
  • Action for breach of an employee’s duty of loyalty, with a different measure of damages than for breach of a covenant not to compete after his resignation, and his forfeiture of his profit participation by resigning before the end of the year  
  • Action to collect judgments by reverse piercing the corporate veil under Florida law
  • Action for imprudent investments by a fiduciary who retained the originating corpus while the stock declined in value complicated by the issue of collateral estoppel of the beneficiary challenging the fiduciary’s accountant
  • Action for breach of representations and warranties by a seller of a business with additional claims of fraud
  • Partnership dispute involving charges of freeze out, breach of loyalty and diversion of partnership business
  • Division of ownership interests in numerous jointly owned entities in the business of insurance, reinsurance and related activities as part of equitable distribution between divorcing spouses
  • Dispute over reasonable scope of work and compensation for services of forensic accountants investigating accounting frauds at several divisions of the corporation
  • Partnership post-dissolution dispute over exploitation of good will to the exclusion of the other partner
  • Action against a commercial bank for a series of wrongful dishonor of checks forcing the plaintiff out of business
  • Complex accounting of a partnership dissolution including questions of inclusion of stock options attributed to each partner for outside service on boards of directors and the deductibility of legal fees and office expenses
  • Claim for compensation of a placement agent against a private equity firm for services in marketing limited partnership interests in an investment fund
  • Claims between former law partners for conversion, breach of fiduciary duty, fraud, and breach of contract stemming from expiration of partnership agreement, entitlement to fees on certain cases and right to continued tenancy
  • Mediated an agreement for the withdrawal of a member of a law firm LLC
  • Dispute between family members requiring withdrawal from one corporation and the reconfiguration of memberships in four LLC's holding parcels of real property
  • Claims of an investor of a now incarcerated investment advisor against the advisor's accounting firm
  • Dispute over performance of a contract to save vendor's fees on credit card transactions
  • Dispute between lender and owner of factory in foreign country over the obligations to repay and the breach of the lender's undertaking to handle the relations of the factory owner with the foreign government
  • Claims of breaches of representatives and warranties in an agreement for sale of loans to a trust for the benefit of certificate holders
  • Claims to damages under RICO and for fraud against organizing member of investment banking firm by the majority investor

Honors, Memberships, and Professional Activities

  • Robert L. Haig Award for Distinguished Public Service, New York State Bar Association
  • Jack Newton Lerner Award for outstanding contributions to Continuing Legal Education, New York County Lawyers’ Association
  • Louis J. Capozzoli Gavel Award, New York County Lawyers’ Association
  • Distinguished Service Award, Law Secretaries & Law Assistants Collegium
  • Harold A. Stevens Jewel Award, New York County Lawyers’ Association–Tort Section
  • Past President, Cornell Law Association and Past Chair, Cornell Law School Advisory Council
  • Past Member, Pattern Jury Instructions Committee of the Association of Supreme Court Justices of the State of New York
  • New York County Lawyers’ Association
    • Co-Chair, Institute on Continuing Legal Education; Chair, History Committee
    • Member: Public Service Awards Committee, Cromwell Award Committee 
    • Past Member: Board of Directors, Executive Committee, Criminal Justice Section (founding co-chair)
  • New York State Bar Association
    • Past Chair, Committee on Civil Practice Law and Rules
    • Member: Commercial and Federal Litigation Section Executive Committee, Dispute Resolution Section Executive Committee
    • Former Member, House of Delegates 
    • Life Fellow, New York State Bar Foundation
    • Member of former Commission on Legal Services for the Middle Income
  • Association of Trial Lawyers of America and New York State Trial Lawyers Association
  • Honorary Board Member, formerly Member of New York Regional Board and its Executive Committee, and Chair of By-Laws Committee, Anti-Defamation League
  • National Center for State Courts: Project Advisory Committee for A Manual for Managing Notorious Cases, 1990-1992
  • Association of Justices of the Supreme Court of the City of New York and Association of Justices of the Supreme Court of the State of New York
  • Member, Board of Justices, First Judicial District
  • Former Chair, Board of Trustees, New York County Public Access Law Library
  • Museum Memberships:  The Guggenheim Museum; The Metropolitan Museum of Art; The Museum of Modern Art; The Frick Collection; The United States Holocaust Memorial Museum; The Museum of Jewish Heritage; Frank Lloyd Wright Association
  • Neutral, International Institute for Conflict Prevention and Resolution (CPR)

Background and Education

  • Justice, Supreme Court, New York County, 1984-2007 (Supreme Court Justice, 1990-2007; Acting Supreme Court Justice, 1984-1989)
    • Senior Associate Justice, Appellate Division-Second Department, 2008
    • Associate Justice, Appellate Division-Second Department, designated 2005
    • Additional Justice, Appellate Division-Second Department, designated 2001
    • Administrative Judge of Supreme Court, Civil Branch, New York County, 1996-2001
  • Judge, Criminal Court, City of New York, 1981-1984
  • Partner, Glass Howard and Crane, New York, 1980-1981
  • Counsel to the Office of Court Administration, New York, 1979-1980
  • Chief Law Assistant, Supreme Court, Appellate Division, First Department, New York, 1976-1979 (Senior Law Assistant, 1966-1976)
  • Associate, Poletti Freidin Prashker Feldman & Gartner, New York, 1963-1966
  • J.D., with distinction, Cornell Law School, 1963
  • B.S., Cornell University, 1960

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