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LICHTENBERG v. ZINN

243 A.D.2d 1045 (1997)

663 N.Y.S.2d 452

James Lichtenberg, Appellant-Respondent, v. Michael F. Zinn et al., Respondents-Appellants, et al., Defendant

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

October 30, 1997

Casey, J.

Plaintiff commenced this shareholder's derivative action in March 1993 alleging that defendants Michael F. Zinn, Steven I. Eisenberg and Martin E. Enowitz, three directors of defendant Besicorp Group Inc., wasted corporate assets and breached fiduciary duties to the Besicorp shareholders by, inter alia, artificially depressing the price of Besicorp's common stock so as to enable them to increase their holdings in and control over the...

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