ZEDECK v. DERFNER MGT. INC.

8141N, 103448/11.

98 A.D.3d 925 (2012)

951 N.Y.S.2d 498

2012 NY Slip Op 6396

ELLEN ZEDECK et al., Appellants, v. DERFNER MANAGEMENT INC. et al., Respondents, et al., Defendants.

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

September 27, 2012.


Plaintiffs, holders of 50% ownership interests in defendant corporations, which own residential properties, allege that Jay Lieberman and the late Harold Derfner committed misappropriation, corporate waste, self-dealing, conversion, and fraud at the expense of the corporations and to the benefit of Derfner Management Inc. (DMI), the managing agent for the properties, and other defendant-respondent entities.

We find that the interests of defendants-respondents conflict...

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