Legal Opinion
Ronnen v. Ajax Electric Motor Corp.
New York Court of Appeals
Decided July 9, 1996PublishedCited by 61 opinions
1Opinion of the Court
OPINION OF THE COURT
Levine, J.
The opposing parties to this litigation are brother and sister who, with their children, collectively hold a bare majority of the issued and outstanding shares of the capital stock of Ajax Electric Motor Corp., a closely held corporation based in Rochester. Respondent Neil Norry has been the chief executive officer of Ajax. The immediate matter in dispute is the validity of the election of the board of directors of the corporation at its annual shareholders’ meeting held March 13, 1995.
Central to that dispute is a March 5, 1982 shareholders’ agreement between…
2Cases cited16 opinions
- Rentways, Inc. v. O'Neill Milk & Cream Co.New York Court of Appeals · 1955
- Bethlehem Steel Co. v. Turner Construction Co.New York Court of Appeals · 1957
- Muzak Corp. v. Hotel Taft Corp.New York Court of Appeals · 1956
- Two Guys v. S.F.R. Realty AssociatesNew York Court of Appeals · 1984
- Fleischman v. . FurguesonNew York Court of Appeals · 1918
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3Cited by61 opinions
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- Murphy v. Columbia UniversityAppellate Division of the Supreme Court of the State of New York · 2004
- U.S. Bank Trust National Ass'n v. American Airlines, Inc. (In re AMR Corp.)United States Bankruptcy Court, S.D. New York · 2013
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