In re the Dissolution of Probe Personnel Consultants, Inc.

OPINION OF THE COURT

John A. K. Bradley, J.

This application was instituted by a petition to dissolve a corporation and for the appointment of a receiver.

Petitioner asserts that he and one Richard De Lorenzo are each the owner of one half of the stock of Probe Personnel Consultants, Inc., which is an executive recruiting agency that depends for its business on the skills of its principals and a small number of employees.

Petitioner seeks dissolution on each of the grounds set forth in section 1104 of the Business Corporation Law. The petition alleges misconduct by De Lorénzo including taking…