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BONOFF v. TROY

187 A.D.2d 302 (1992)

Peter F. Bonoff, Individually and as a Shareholder and on Behalf of General Linen Supply & Laundry Co., Inc., and Others, Appellant, v. William B. Troy et al., Respondents

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

November 10, 1992

This is a shareholder's derivative action, which alleges, inter alia, that the defendant directors breached fiduciary duties, diverted corporate opportunities, and violated shareholder agreements. At issue on appeal is whether plaintiff's motion for leave to amend the complaint to assert a ninth cause of action was properly denied. The proposed cause of action seeks rescission of defendant William B. Troy's contractual right...

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