MATTER OF BUHANNIC v. TRADINGSCREEN, INC.

8113. 653624/16.

168 A.D.3d 497 (2019)

92 N.Y.S.3d 215

2019 NY Slip Op 00238

In the Matter of Philippe Buhannic, Appellant, et al., Plaintiff, v. Tradingscreen, Inc., Respondent, et al., Defendants.

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

Decided January 15, 2019.


Plaintiff seeks advancement of expenses under an indemnification agreement entered into between defendant Tradingscreen, Inc., a Delaware corporation, and himself as chief executive officer and chairman of the board of Tradingscreen. Plaintiff is not entitled to expenses he incurred in the action brought against him by various directors of Tradingscreen pursuant to Delaware General Corporation Law § 225, because the action was not brought by reason of his corporate status...

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