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WOLF v. RAND

258 A.D.2d 401 (1999)

685 N.Y.S.2d 708

RITA WOLF, Individually and on Behalf of BESSIE RAND'S LIQUOR STORE, INC., and 1029 BEDFORD AVENUE CORP., Appellant-Respondent, v. FREDERICK RAND, Individually and as Executor of RICHARD RAND, Deceased, et al., Respondents-Appellants, et al., Defendants.

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

Decided February 25, 1999.

Plaintiff Rita Wolf commenced this action on her own behalf and as a 20% shareholder of the closely-held family corporation operated by her brother, defendant Frederick Rand, by her deceased brother Richard Rand, and, after his death, by Richard Rand's estate, for which Frederick Rand served as executor, and by Richard's widow, defendant Claire Rand. The basis of the claim is that defendants over a course of years ordered substantial amounts of inventory which were not recorded...

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