H.W. COLLECTIONS, INC. v. KOLBER


256 A.D.2d 240 (1998)

682 N.Y.S.2d 189

H.W. COLLECTIONS, INC., et al., Appellants, v. WALTER KOLBER, Respondent.

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

Decided December 29, 1998.


Defendant was a shareholder, officer and executive employee of plaintiff H.W. Collections, Inc., now defunct, which produced and sold, at wholesale, women's apparel. The other shareholder in the corporate plaintiff was Woods/HBS Enterprises, Inc., a corporate entity whose shareholders were the two individual plaintiffs and a third person. On November 3, 1994, H.W., its shareholders and the shareholders of Woods/HBS entered into an agreement to cease operations and liquidate...

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