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FAIR v. FUCHS

219 A.D.2d 454 (1995)

631 N.Y.S.2d 153

Edward A. Fair et al., as Shareholders and in The Right of Advanced Graphic Applications, Inc., Respondents, v. Stanley Fuchs et al., Individually and as Officer and/or Director of Advanced Graphic Applications, Inc., et al., Appellants

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

September 7, 1995

Defendants Fuchs and Marder have been principal shareholders and directors of the now-defunct corporate defendant; Marder, a founder of the corporation, was also an officer. In so much of a broad-ranging complaint as survived a prior summary judgment motion, plaintiffs, a rival group of principal shareholders, allege, mostly on information and belief, a wide variety of nonspecific acts of malfeasance, including diversion and waste...

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