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PESSIN v. CHRIS-CRAFT INDUS.

181 A.D.2d 66 (1992)

Kathleen Pessin et al., Derivatively on Behalf of BHC Communications, Inc., Appellants, v. Chris-Craft Industries, Inc., et al., Respondents

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

June 30, 1992

Attorney(s) appearing for the Case

Joseph M. Seitzman for appellants.

Myron Kirschbaum of counsel (Peter M. Fishbein and James D. Herschlein with him on the brief; Kaye, Scholer, Fierman, Hays & Handler, attorneys), for respondents.

MURPHY, P. J., ELLERIN, ASCH and RUBIN, JJ., concur.

MILONAS, J.

This is a shareholder derivative action for damages arising out of the alleged abuses by defendant Chris-Craft Industries, Inc., as the majority shareholder of defendant BHC Communications, Inc. (BHC), a television broadcasting company, to the detriment of BHC, its minority shareholder, Warner Communications, Inc. (WCI) and the shareholders of WCI. The issue in this case is whether the plaintiffs...

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