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BALIOTTI v. WALKES

134 A.D.2d 554 (1987)

John R. Baliotti et al., Individually and as Shareholders of BLW Management Corp., Appellants, v. Milton Walkes et al., Respondents

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

November 30, 1987

Ordered that the judgment is reversed, with costs, the complaint is reinstated, and the matter is remitted to the Supreme Court, Kings County, for trial.

The plaintiffs John and Nina Baliotti together own 50% of the shares of BLW Management Corp. (hereinafter BLW). Milton Walkes and Michael Levi, the defendants, own the remaining 50%. Walkes and Levi were also partners in a medical clinic known as Obgyn Associates (hereinafter...

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