The complaint alleges that in June, 1970 the individual defendants, officers and directors of both defendant corporations, transferred all the assets of defendant Maet Swimwear, Ltd., to defendant Congress Textile Printers, Inc., without consideration, in order to prevent Maet's creditors from satisfying their claims. One of the plaintiffs is a judgment creditor of Maet. The other is said to be its creditor. Plaintiffs rely on section 720 of the Business Corporation Law to...
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