Soho Snacks Inc. v. Frangioudakis

Order, Supreme Court, New York County (Richard F. Braun, J.), entered July 2, 2014, which, insofar as appealed from, granted defendants’ motion to dismiss the derivative causes of action and for summary judgment dismissing the direct cause of action, unanimously reversed, on the law, without costs, and the motion denied.

Defendants are the corporate plaintiff’s majority shareholders, as well its officers, and directors. The individual plaintiffs are the corporation’s minority shareholders. Plaintiffs allege, inter alia, that defendants, as the persons responsible for the corporation’s…