SCHACHTER v. KULIK


96 A.D.2d 1038 (1983)

Jacob Schachter, Individually and on Behalf of All Other Shareholders of Ketek Electric Corporation, Similarly Situated, Respondent-Appellant, v. Herbert S. Kulik, Appellant-Respondent, et al., Defendant. (Action No. 1.) Arnold B. Glenn, as Trustee, Plaintiff, and Herbert S. Kulik, Individually and on Behalf of All Other Shareholders of Ketek Electric Corporation, Similarly Situated, Appellant, v. Hoteltron Systems, Inc., et al., Respondents. (Action No. 2.) Arnold B. Glenn, as Trustee, Plaintiff, and Herbert S. Kulik, Individually and on Behalf of All Other Shareholders of Ketek Electric Corporation, Similarly Situated, Appellant, v. Jacob Schachter et al., Respondents. (Action No. 3.)

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

September 6, 1983


Judgment modified, on the law and the facts, by deleting the provision which dismissed Kulik's complaints, and substituting therefore a provision granting judgment in favor of Kulik on the issue of liability only. As so modified, judgment affirmed insofar as appealed from, with costs to Kulik, and case remitted to the Supreme Court, Suffolk County, for further proceedings consistent herewith.

This appeal arises out of three consolidated shareholder derivative actions...

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