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RESERVE SOLUTIONS INC. v. VERNAGLIA,

No. 05 Civ. 8622(VM).

438 F.Supp.2d 280 (2006)

RESERVE SOLUTIONS INC., Plaintiff, v. Mark VERNAGLIA, Defendant/Third-Party Plaintiff v. Bruce Bent, Bruce Bent II and Arthur Bent, Third-Party Defendants.

United States District Court, S.D. New York.

June 20, 2006.

Attorney(s) appearing for the Case

Melvin Arnold Brosterman, Meredith Lee Strauss, Stroock & Stroock & Lavan LLP, New York City, for Plaintiff.

Brian David Spector, Spector & Ehrenworth, P.C., Florham Park, NJ, for Defendants.

DECISION AND ORDER

MARRERO, District Judge.

Plaintiff Reserve Solutions, Inc. ("Reserve"), commenced this action on October 11, 2005, seeking damages for conversion and breach of fiduciary duty by the defendant, Mark Vernaglia ("Vernaglia"), a New Jersey resident. Vernaglia is a former officer and director, and current shareholder, of Reserve, a closely held Delaware financial services corporation with offices in Manhattan. Vernaglia has filed counterclaims...

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