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STONE v. FREDERICK

245 A.D.2d 742 (1997)

666 N.Y.S.2d 294

John D. Stone et al., Respondents, v. Wilma A. Frederick et al., Appellants

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

December 11, 1997

Mercure, J.

As of May 31, 1994, plaintiff John D. Stone and defendant Thomas S. Frederick (hereinafter Frederick) were each a 50% shareholder and together constituted the sole directors and officers of Carpet Warehouse Corporation (hereinafter the corporation), with Stone serving as president and treasurer and Frederick serving as vice-president and secretary. At that time, Frederick entered into an "employment...

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