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MATTER OF WARDE-McCANN v. COMMEX, LTD.

135 A.D.2d 541 (1987)

In the Matter of Candis I. Warde-McCann, Respondent, v. Commex, Ltd., Appellant

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

December 7, 1987

Ordered that the judgment is affirmed, with costs.

The petitioner, who owns 33 1/3% of the outstanding shares in a Delaware corporation, commenced a dissolution proceeding pursuant to Business Corporation Law § 1104-a (a) (1), based on illegal, fraudulent or oppressive actions by the directors and those in control of the corporation toward the petitioner, and Business Corporation Law § 1104-a (a) (2), for looting...

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