EMMANOUILIDES v. BUCKTHORN, LTD.

No. 84 Civ. 0528(RO).

642 F.Supp. 964 (1986)

Irini EMMANOUILIDES, on Behalf of Herself as a Shareholder of Buckthorn, Ltd. and Duba Rivka Ocean Transport, Ltd. and in the Right of Buckthorn, Ltd. and Duba Rivka Ocean Transport, Ltd. and their Wholly-Owned Subsidiaries, Plaintiffs, v. BUCKTHORN, LTD., Duba Rivka Ocean Transport, Ltd., Menya Ocean Transport, Ltd., RMF Ocean Transport, S.A., BMF Ocean Transport, S.A., Benyomin Ocean Transport, S.A., Sonia Ocean Transport, Ltd., Emily Ocean Transport, S.A. and Robert M. Felzenberg, Defendants.

United States District Court, S.D. New York.

August 27, 1986.


Attorney(s) appearing for the Case

Munves, Tanenhaus & Storch, P.C., New York City, for plaintiffs; Steven G. Storch, of counsel.

Milgrim, Thomajan, Jacobs & Lee, P.C., New York City, for defendants; George L. Graff, Mark D. Suben, of counsel.


OWEN, District Judge.

Plaintiff alleges that she and the individual defendant, Robert Felzenberg, entered into an agreement pursuant to which various corporations were formed, with plaintiff and Felzenberg each owning fifty percent of the corporations. Each corporation owned a vessel, which was that corporation's principal asset. Subsequently, the vessels were involved in various dispositions: one vessel was damaged, for which insurance proceeds were received, and...

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