Plaintiff, the Official Secured Creditors' Committee of Amfesco Industries, Inc., instituted this action on behalf of the bankrupt corporation, seeking to compel defendants, the directors of the corporation, to account for their purported waste and mismanagement of corporate assets pursuant to Business Corporation Law § 720. The amended complaint alleged that in order to realize gains on insider sales of stock, defendants a) systematically falsified the corporation's...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.