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OFFICIAL SECURED CREDITORS' COMM. OF AMFESCO INDUS., INC. v. GREENBLATT

156 A.D.2d 215 (1989)

Official Secured Creditors' Committee of Amfesco Industries, Inc., Appellant, v. David Greenblatt et al., Respondents

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

December 14, 1989

In proceedings instituted in United States Bankruptcy Court in the Eastern District of New York, plaintiff Creditors' Committee was authorized to commence an action against the directors of Amfesco Industries, Inc., the debtor in possession for waste, mismanagement and negligence. Plaintiff thereupon instituted a complaint alleging two causes of action. The first asserts that defendants breached a duty owed to Amfesco's creditors in that they neglected to keep themselves...

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