Legal Opinion
Ajettix Inc. v. Raub
New York Supreme Court
Decided July 26, 2005PublishedCited by 7 opinions
1Opinion of the Court
*909OPINION OF THE COURT
Kenneth R. Fisher, J.
This is a dispute involving former 50% shareholders of a close corporation, Ajettix Incorporated. Plaintiffs commenced this action seeking legal and equitable relief for breach of fiduciary duty and fraud in connection with the agreement of Ajettix to redeem the stock owned by its vice-president and secretary, James D. Raub. Ajettix’s agreement to redeem.the stock for approximately $500,000 was guaranteed by the other shareholder, Ajettix’s president and treasurer Sue E. Newhouse. The action rests upon the allegation that defendant failed to disclose…
2Cases cited59 opinions
- Kaufman v. CohenAppellate Division of the Supreme Court of the State of New York · 2003
- Small v. Lorillard Tobacco Co.New York Court of Appeals · 1999
- Randall v. LoftsgaardenSupreme Court of the United States · 1986
- Brown v. LockwoodAppellate Division of the Supreme Court of the State of New York · 1980
- Masson v. BovetCourt for the Trial of Impeachments and Correction of Errors · 1845
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3Cited by7 opinions
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- Robert B. Allen v. Devon Energy Holdings, L.L.C. F/K/A Chief Holdings, L.L.C, and Trevor D. Rees-Jones, Texas Court of Appeals, 1st District (Houston)2012
- Fox ex rel. Perry H. Koplik & Sons, Inc. v. Koplik (In re Perry H. Koplik & Sons, Inc.)United States Bankruptcy Court, S.D. New York · 2012
- Development Specialists, Inc. ex rel. Coudert Brothers LLP v. Akin Gump Strauss Hauer & Feld LLPDistrict Court, S.D. New York · 2012
- Muller-Paisner v. TiaaDistrict Court, S.D. New York · 2012
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