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KALT v. RITMAN

21 A.D.3d 321 (2005)

800 N.Y.S.2d 168

HENRY KALT, Respondent, v. SIDNEY RITMAN, Defendant, and HBS LTD., Appellant.

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

August 25, 2005.

Plaintiff Kalt and defendant Ritman were formerly the equal share owners in defendant HBS. Kalt was the corporation's president and director, positions from which he resigned on April 15, 1999. At the time it was liquidated on December 31, 2002, the corporation owed over $3 million to Wells-Fargo Century Factors (Century Factors), for which amount Kalt and Ritman had originally agreed to be jointly and severally liable. In this...

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