MINICHIELLO v. ROYAL BUS. FUNDS


18 N.Y.2d 521 (1966)

Angelo Minichiello et al., Respondents, v. Royal Business Funds Corporation, Appellant, et al., Defendants.

Court of Appeals of the State of New York.

Decided December 30, 1966.


Attorney(s) appearing for the Case

Bruce Bromley, Morton L. Ginsberg, John R. Hupper, Thomas D. Barr and Jay E. Gerber for appellant.

Edward F. Butler and Reginald Leo Duff for Angelo Minichiello, respondent.

Chief Judge DESMOND and Judges FULD, VAN VOORHIS, BURKE, SCILEPPI and BERGAN concur.


KEATING, J.

Angelo Minichiello alleges in his complaint that, between September, 1963 and March, 1964, he performed certain services for appellant Royal Business Funds Corporation (Royal) and defendant Small Business Investment Company of New York (SBIC).

As alleged in Mr. Minichiello's complaint, Royal and SBIC had become the owners of "a substantial amount of the convertible debentures issued by Colorama...

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