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LAUER v. SCHOENHOLTZ

106 A.D.2d 552 (1984)

I. J. Lauer et al., on Behalf of Themselves as Shareholders of Rye Psychiatric Hospital Center, Inc., and on Behalf of All Other Shareholders of Said Corporation Similarly Situated, Respondents, v. Jack C. Schoenholtz et al., Appellants, et al., Defendants

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

December 24, 1984

Resettled order affirmed, with costs.

Defendant Rye Psychiatric Hospital Center, Inc., owns Rye Psychiatric Hospital Center. The three plaintiffs and defendants Schoenholtz, Essman and Pagliaro each own one sixth of the voting shares of the defendant corporation and constitute its board of directors. The board of directors is currently deadlocked, as plaintiffs and the individual defendants are engaged in a contest for control...

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