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GOTTLIEB v. GREISMAN

53 A.D.2d 820 (1976)

Albert Gottlieb et al., as Directors of Alamo Manufacturing Company, Incorporated, Appellants, v. Murray Greisman et al., Respondents

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

July 6, 1976

Appellants shall recover of respondents $40 costs and disbursements of this appeal. The plaintiffs were directors of the defendant corporation at the time they commenced this derivative action. They are no longer directors. However, the action having been properly initiated, they cannot thereafter "be defeated by the circumstance that the plaintiff loses, or is ousted from, his directorship." (Tenney v Rosenthal, 6 N.Y.2d 204, 208...

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