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VENTURETEK, L.P. v. RAND PUBLISHING CO., INC.

39 A.D.3d 317 (2007)

833 N.Y.S.2d 93

VENTURETEK, L.P., et al., Appellants, v. RAND PUBLISHING CO., INC., et al., Defendants, and MASON P. SLAINE et al., Respondents.

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

Decided April 12, 2007.

Plaintiffs, shareholders of defendant Rand Publishing Co., allege, inter alia, breach of fiduciary duty and usurpation of corporate opportunities by Slaine and Danziger, also Rand shareholders, in connection with said defendants' acquisition of four companies on behalf of another entity of which those defendants were full-time employees.

It is well settled that the law of the state in which an entity was incorporated (here...

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