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MATTER OF DAVIS

174 A.D.2d 449 (1991)

In the Matter of Seymour Davis, Appellant-Respondent. Shayne-Levy Associates, Inc., Respondent-Appellant

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

June 18, 1991

Petitioner and Levy were the sole shareholders of respondent, which was engaged as a sales representative in the knit goods industry. Petitioner, who held 18.36% of the stock, handled the foreign business, which was made up primarily of an account with Kowa Trading Corp. ("Kowa"). Levy, who owned the balance of the stock, handled the domestic business, which consisted primarily of the Star Knitwear, Inc. ("Star") account, which...

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