Ordered that the order is reversed, on the law, with costs, the plaintiffs' motion is dismissed as academic, the defendants' cross motion is granted, and the complaints are dismissed without prejudice to the commencement of a shareholder's derivative action.
William Blum, who was a director, officer, and 50% shareholder of the two corporate plaintiffs, initiated these actions against the defendant Larry S. Wolf, the other director, officer, and 50% shareholder, seeking...
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