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AJETTIX INC. v. RAUB

9 Misc.3d 908 (2005)

804 N.Y.S.2d 580

AJETTIX INCORPORATED et al., Plaintiffs, v. JAMES D. RAUB, Defendant.

Supreme Court, Monroe County.

July 26, 2005.

Attorney(s) appearing for the Case

Wolford & LeClair LLP (Paul L. LeClair and Mary Jo S. Korona of counsel), for plaintiffs.

Harris Beach LLP (Philip G. Spellane of counsel), for defendant.

OPINION OF THE COURT

KENNETH R. FISHER, J.

This is a dispute involving former 50% shareholders of a close corporation, Ajettix Incorporated. Plaintiffs commenced this action seeking legal and equitable relief for breach of fiduciary duty and fraud in connection with the agreement of Ajettix to redeem the stock owned by its vice-president and secretary, James D. Raub. Ajettix's agreement to redeem the stock...

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