Accepting the allegations of the complaint, we agree with the IAS Court that defendants' refinancing of the corporation's mortgage without plaintiff's consent, in breach of the parties' shareholders' agreement requiring such consent, if a wrong, was one committed against the corporation that plaintiff may not assert in his individual capacity. Plaintiff's alleged loss, namely, reduced equity in the property due to the stretching out of repayment of principal, is the corporation...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
