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MATARAZZO v. SEGALL

153 Misc.2d 176 (1992)

Anthony Matarazzo et al., as Trustees of the Communications Workers Local 1109 Pension Fund et al., Plaintiffs, v. Douglas Segall, Defendant.

Civil Court of the City of New York, Kings County.

January 30, 1992

Attorney(s) appearing for the Case

Gladstein, Reif & Meginniss (Donnaldson K. Brown of counsel), for plaintiffs. Mahon & Berger (Lawrence Berger of counsel), for defendant.

DAVID FRIEDMAN, J.

Section 630 of the Business Corporation Law makes the 10 largest shareholders of closely held corporations personally liable for the payment of contributions to welfare and pension funds due its employees. Before an action to impose such personal liability may be commenced a judgment for the contributions must be obtained against the corporation with execution on the judgment returned unsatisfied...

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