Venturetek, L.P. v. Rand Publishing Co.

Order, Supreme Court, New York County (Herman Cahn, J.), entered March 10, 2006, which granted the motions by defendants Slaine and Danziger for summary judgment dismissing the complaint against them, and denied plaintiffs’ motion for partial summary judgment, unanimously affirmed, with costs.

Plaintiffs, shareholders of defendant Rand Publishing Co., allege, inter alia, breach of fiduciary duty and usurpation of corporate opportunities by Slaine and Danziger, also Rand shareholders, in connection with said defendants’ acquisition of four companies on behalf of another entity of which those…