Welt v. Beachcomber, Inc.

Plaintiff is a minority stockholder in the defendant corporation, of which the individual defendants are the sole directors and officers. They are also the holders of all the remaining stock in the corporation. Plaintiff has heretofore brought a minority stockholder’s action wherein she requests an accounting of profits alleged to have been dissipated by these individual defendants and for other equitable relief. That action is now pending.

The plaintiff moved to enjoin and restrain the defendant corporation and the individual defendants “ from taking any action or instituting any proceedings…