The complaint is grounded in allegations that defendant Resolute Holdings, Inc., which did not join in the motion before the IAS court, was used by defendant Christopher, and non-appealing defendant Wayne Reeder, as a corporate shell to commit wrongful acts of self-dealing in connection with an insurance holding company purchased from plaintiff Chromalloy, a wholly-owned subsidiary of plaintiff Sequa. The IAS court could not have dismissed the pleadings underlying the plaintiffs...
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