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BANSBACH v. ZINN

258 A.D.2d 710 (1999)

685 N.Y.S.2d 332

JOHN M. BANSBACH, Appellant, v. MICHAEL F. ZINN et al., Respondents.

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

Decided February 4, 1999.

Crew III, J.

This shareholder derivative action was brought by plaintiff on behalf of Besicorp Group, Inc., a corporation engaged in the business of power production and heating technology. In May 1997, Besicorp and its then president and chair of its board of directors, defendant Michael F. Zinn (hereinafter defendant), were indicted for alleged violations of Federal campaign finance laws. The charges stemmed from a scheme...

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