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ARONOFF v. ALBANESE

85 A.D.2d 3 (1982)

Hilda Aronoff et al., Appellants, v. John Albanese et al., Respondents, et al., Defendant

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

January 29, 1982

Attorney(s) appearing for the Case

Bartels, Pykett & Aronwald (John R. Bartels, Jr., of counsel), for appellants.

Milgrim Thomajan Jacobs & Lee, P. C. (Robert F. Fink and Robert A. Meister of counsel), for respondents.

DAMIANI, J. P., LAZER, COHALAN and BRACKEN, JJ., concur.

Per Curiam.

Plaintiffs, stockholders of defendant Hospital Building Corporation (HBC), commenced this derivative action to recover lost profits of HBC as a result of certain transactions with the individual defendants, who are directors of HBC and also partners of Pelham Bay General Hospital (PBGH) which leases a hospital from HBC. The first transaction involved the rent paid by PBGH to HBC. The rent was $30,000 monthly from 1962 until January, 1975 when it...

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