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LEVITON MFG. CO., INC. v. BLUMBERG

242 A.D.2d 205 (1997)

660 N.Y.S.2d 726

Leviton Manufacturing Co., Inc., Appellant-Respondent, v. Thomas Blumberg et al., Respondents-Appellants, and Bernard L. Blumberg et al., Respondents

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

August 7, 1997

The Blumberg family owned 29% of the stock of Leviton Manufacturing Co., Inc., a closely held Delaware corporation that manufactures electrical supplies. Thomas Blumberg was a Vice-President of Marketing and Sales and a member of the executive committee; his wife, Elaine, was a member of Leviton's board of directors. Since 1965, Leviton has been headed by Harold Leviton, son of the firm's founder. He and his wife own the remaining 71% of Leviton stock. Beginning sometime...

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