GUZMAN v. KORDONSKY

2016-12725, 2017-02318. Index No. 512059/15.

177 A.D.3d 708 (2019)

110 N.Y.S.3d 324

2019 NY Slip Op 08176

Yakov Guzman et al., Respondents, v. Michael Kordonsky et al., Appellants, et al., Defendant.

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

Decided November 13, 2019.


Ordered that the orders are affirmed insofar as appealed from, with one bill of costs.

The plaintiffs, shareholders of the nominal defendant Dial Car, Inc. (hereinafter Dial), commenced this shareholders' derivative action against, among others, individual officers and directors of Dial's Board of Directors (hereinafter the Board). The plaintiffs alleged that the Board members breached their fiduciary duty to Dial by, among other things, wasting Dial's assets by paying...

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