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SARDANIS v. SUMITOMO CORPORATION

282 A.D.2d 322 (2001)

723 N.Y.S.2d 466

ANDREW S. SARDANIS, as Assignee of RST RESOURCES, INC., Respondent-Appellant, and RST RESOURCES, INC., Intervenor-Appellant-Respondent, v. SUMITOMO CORPORATION et al., Appellants.

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

Decided April 19, 2001.

Plaintiff, Andrew S. Sardanis, is the former chairman of the board of directors of intervenor-plaintiff RST Resources, Inc., a commodities trading company incorporated in New York. ITM International was the parent corporation of ITM Corporation, which wholly owned RST. Blauinsel Stiftung, a Liechtenstein trust established to benefit plaintiff and his family, owned 49.9% of ITM International. The other 50.1% was owned by people or entities other than Blauinsel or plaintiff...

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