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RUTIGLIANO v. RUTIGLIANO JR.

305 A.D.2d 182 (2003)

757 N.Y.S.2d 855

LAWRENCE RUTIGLIANO, JR., et al., Respondents, v. ROCCO RUTIGLIANO et al., Appellants.

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

Decided May 8, 2003.

In light of plaintiffs' evidence that they are shareholders and full-time executive directors of Rockway Fuel Corporation, the October 24, 2001 resolutions of Rockway's board of directors, essentially stripping plaintiffs of any executive functions they have in the corporation, apparently contravenes that portion of the Shareholders' Agreement's guarantee of continued employment of each shareholder in his executive capacity. Inasmuch...

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