KATZ v. EMMETT


226 A.D.2d 588 (1996)

641 N.Y.S.2d 131

Moise Katz et al., Appellants, v. Martin F.C. Emmett et al., Respondents

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

April 22, 1996


Ordered that the order is affirmed, with one bill of costs payable to the respondents appearing separately and filing separate briefs.

The plaintiffs instituted this consolidated shareholder derivative action on behalf of Tambrands, Inc., a Delaware corporation, and against the inside and outside directors of Tambrands, Inc., alleging breach of fiduciary duties and the waste of corporate assets. The defendants separately moved to dismiss the complaint, inter alia...

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