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MALKINZON v. KORDONSKY

56 A.D.3d 734 (2008)

868 N.Y.S.2d 123

BORIS MALKINZON et al., Respondents, v. MICHAEL KORDONSKY et al., Appellants, et al., Defendant.

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

November 25, 2008.

Ordered that the order is affirmed insofar as appealed from, with costs.

The plaintiffs, shareholders of Dial Car, Inc. (hereinafter Dial), commenced the instant shareholders' derivative action against Dial and the individual directors of Dial's Board of Directors (hereinafter the Board). The plaintiffs alleged that the Board breached its fiduciary duty to Dial by engaging, inter alia, in fraud, coercion, extortion, threats, and conversion against Dial and its shareholders...

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