A. COLISH, INC. v. ABRAMSON


178 A.D.2d 252 (1991)

A. Colish, Inc., et al., Appellants, v. Steven J. Abramson et al., Respondents

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

December 12, 1991


Plaintiffs sue defendant Steven Abramson, a former president of plaintiff A. Colish, Inc., for breach of fiduciary duty arising from, among other things, his purchase of printing equipment that he subsequently leased to the plaintiff corporation for his personal profit. When the plaintiff corporation refused to make further payments to defendant Abramson, Abramson defaulted in the underlying loan obligations, whereupon U.S. Concord, Inc., which had financed the purchase,...

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