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HEGENER v. PARTY TYME PRODS., INC.

24 A.D.2d 742 (1965)

Peter Hegener et al., Individually and as Stockholders of Party Tyme Products, Inc., Suing On Behalf of Themselves and for the Benefit of Said Corporation and All Other Stockholders of Said Corporation, Appellants, v. Party Tyme Products, Inc., et al., Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

October 14, 1965

Order entered May 20, 1965, granting motion of defendants to vacate notices of examination, unanimously reversed, on the law and the facts, and the motion denied, with $30 costs and disbursements to appellants.

The complaint in this derivative action by stockholders of Party Tyme Products, Inc. (Products) alleges improper diversion of corporate assets by the individual defendants through the medium of Party Tyme Sales, Inc. (Sales), a corporation formed to

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