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Gaines v. Adler

Appellate Division of the Supreme Court of New York, First Department
Feb 6, 1962
15 A.D.2d 743 (N.Y. App. Div. 1962)

Opinion

February 6, 1962


Order entered on August 28, 1961, denying defendant's motion for judgment on the pleadings pursuant to rule 112 of the Rules of Civil Practice, or, in the alternative, for summary judgment under rule 113 of the Rules of Civil Practice, in a representative stockholders' action for dissolution of the corporation and unspecified alternative relief, unanimously affirmed, with $20 costs and disbursements to plaintiff-respondent. Discoverable in the language of the complaint is the assertion, supported by allegations as to particular transactions, that the corporation has been in the past and is now being exploited exclusively for the private benefit of its managing and controlling stockholders. If plaintiffs should be able to establish this assertion, they might, in a proper case, be entitled to relief ( Kroger v. Jaburg, 231 App. Div. 641; Lennan v. Blakeley, 273 App. Div. 767; cf. Fontheim v. Walker, 282 App. Div. 373, affd. 306 N.Y. 926).

Concur — Breitel, J.P., Rabin, McNally, Stevens and Steuer, JJ.


Summaries of

Gaines v. Adler

Appellate Division of the Supreme Court of New York, First Department
Feb 6, 1962
15 A.D.2d 743 (N.Y. App. Div. 1962)
Case details for

Gaines v. Adler

Case Details

Full title:JOSEPH B. GAINES, Respondent, v. ERNEST ADLER et al., as Executors of CARL…

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

Date published: Feb 6, 1962

Citations

15 A.D.2d 743 (N.Y. App. Div. 1962)

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