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ROSENFIELD v. METALS SELLING CORP.

(14697)

229 Conn. 771 (1994)

RAYMOND ROSENFIELD v. THE METALS SELLING CORPORATION RAYMOND ROSENFIELD v. NORMAN ROSENFIELD ET AL. RAYMOND ROSENFIELD v. METALMAST MARINE, INC. RAYMOND ROSENFIELD v. NORMAN ROSENFIELD ET AL.

Supreme Court of Connecticut.

Decision released June 28, 1994.

Attorney(s) appearing for the Case

Matthew J. Forstadt, with whom were Ann M. Siczewicz and Lewis G. Schwartz, for the appellant-appellee (defendant Norman Rosenfield).

Janet C. Hall, with whom was Daniel F. Sullivan, for the appellee-appellant (plaintiff Raymond Rosenfield).

BORDEN, BERDON, NORCOTT, KATZ and DUPONT, JS.

BORDEN, J.

The principal issue in this appeal and cross appeal is, under the facts of the case, the extent to which the business judgment rule shields a corporate officer from liability for depletion of corporate assets. This appeal is the culmination of a business dispute between two brothers, the plaintiff, Raymond Rosenfield, and the defendant Norman Rosenfield.1 The dispute involved two close corporations, the defendants

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