A Westchester County golf club that counts prominent New York City lawyers and President Donald Trump among its members continues to be a legal battlefield for a suit in which shareholders allege they were misled about the true value of their shares.
For 70 years, the Winged Foot Golf Club has paid a $30,000 per year lease to a holding corporation for the 280-acre property that contains its two courses, which plaintiffs in the shareholder derivative suit said is the product of “sweetheart lease deals” that put the land well below market value.
