Legal Opinion
O'Donnel v. Marine Repair Services, Inc.
District Court, S.D. New York
Decided January 21, 1982No. 80 Civ. 4121(MEL)PublishedCited by 5 opinions
1Opinion of the Court
LASKER, District Judge.
William O’Donnei, the owner of 35% of the shares of stock and a former director and officer of Marine Repair Services, Inc. (“MRS”), sues for dissolution of the corporation under New York Business Corporation Law § 1104(a) on the grounds that those in control of MRS are guilty of illegal, fraudulent or oppressive acts towards O’Donnei and that the assets of the corporation are being looted or wasted. O’Donnei also sues on the corporation’s behalf to recover allegedly wasted or looted assets. Defendants counterclaim that O’Donnei breached his fiduciary duties to the…
2Cases cited2 opinions
- Topper v. Park Sheraton Pharmacy, Inc.New York Supreme Court · 1980
- Abbott Redmont Thinlite Corporation v. Rudolph R. Redmont and Circle Redmont CorporationCourt of Appeals for the Second Circuit · 1973
3Cited by5 opinions
- Balvik v. SylvesterNorth Dakota Supreme Court · 1987
- In re the Dissolution of Wiedy's Furniture Clearance Center Co.Appellate Division of the Supreme Court of the State of New York · 1985
- Kiriakides v. Atlas Food Systems & Services, Inc.Court of Appeals of South Carolina · 2000
- In re the Dissolution of Chariot Taxi, Inc.New York Supreme Court · 1984
- Kiriakides v. Atlas Food Systems & Services, Inc.Court of Appeals of South Carolina · 2000