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LOEWENTHEIL v. O'HARA

30 A.D.3d 360 (2006)

819 N.Y.S.2d 496

STEPHAN LOEWENTHEIL et al., Appellants, v. EDITH O'HARA et al., Respondents.

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

June 29, 2006.

O'Hara, a founder of and 37.5% shareholder in the corporate defendant, was properly granted intervenor status in view of her substantial interest in the outcome of plaintiffs' action to recover on disputed promissory notes allegedly issued by the corporate defendant and purportedly transferred to them from the original controlling shareholder (see e.g. Agostino v Soufer, 284 A.D.2d 147 [2001]). Plaintiffs, who intended to collect...

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