21ST CENTURY DIAMOND, LLC v. ALLFIELD TRADING, LLC

Nos. 3526, 650331/09.

88 A.D.3d 558 (2011)

931 N.Y.S.2d 50

2011 NY Slip Op 7364

21ST CENTURY DIAMOND, LLC, Respondent, v. ALLFIELD TRADING, LLC, et al., Appellants. ALLFIELD TRADING, LLC, Third-Party Plaintiff-Appellant, v. EXELCO GROUP et al., Doing Business as EXELCO NORTH AMERICA, INC., Third-Party Defendants-Respondents.

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

Decided October 20, 2011.


Plaintiff 21st Century Diamond, LLC (21st Century), a Delaware limited liability company, was organized to engage in the business of diamond wholesaling. 21st Century's members are defendant and third-party plaintiff Allfield Trading, LLC (Allfield), which holds an 18% interest, and third-party defendant Exelco Group doing business as Exelco North America, Inc. (Exelco), which holds an 82% interest. Although Allfield is the minority member, its principals, defendants Joshua...

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