Walter J. Schloss Associates v. Arkwin Industries, Inc.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Mollen, P. J.
The complaint alleges that plaintiff was a minority stockholder of defendant Arkwin Industries, Inc. (Arkwin). Defendant Berlin, the founder, president and board chairman of Arkwin, was the majority stockholder, owning 85% of all issued and outstanding shares. In 1978 and 1979, Arkwin, a producer of material for use in the defense industry, realized increased sales and profits, and as of April 30, 1979, had a backlog of firm offers worth $35,000,000. At the same time, the corporation showed signs of increased profitability for the immediate future.…
2Cases cited3 opinions
- Breed v. BartonNew York Court of Appeals · 1981
- Willcox v. SternNew York Court of Appeals · 1966
- Yoss v. SacksAppellate Division of the Supreme Court of the State of New York · 1966
3Cited by22 opinions
- Fed. Sec. L. Rep. P 97,649 Jean Lorelle Burke v. Robert E. JacobyCourt of Appeals for the Second Circuit · 1992
- Fleming v. International Pizza Supply Corp.Indiana Supreme Court · 1997
- Walter J. Schloss Associates v. Chesapeake & Ohio Railway Co.Court of Special Appeals of Maryland · 1988
- Schloss v. Arkwin Industries, Inc.New York Court of Appeals · 1984
- Collins v. Telcoa International Corp.Appellate Division of the Supreme Court of the State of New York · 2001
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