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LOVING, JR. v. ABBRUZZESE

298 A.D.2d 749 (2002)

750 N.Y.S.2d 326

AUBREY E. LOVING, JR., et al., Respondents, v. JARED ABBRUZZESE et al., Appellants.

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

Decided October 24, 2002.

Crew III, J.

CAI Wireless Systems, Inc. (hereinafter CAI), a wireless telecommunications company, was formed in 1991 to invest in and operate multichannel multipoint distribution services for subscription television systems. In 1994, CAI acquired Hampton Roads Wireless, Inc. and plaintiffs, formerly shareholders in that corporation, became shareholders of CAI. Following a failed business venture with Bell Atlantic Corporation and NYNEX Corporation and a corresponding...

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