Gunzburg v. Gunzburg

In a shareholders’ derivative action, the defendants Arthur Gunzburg, Mildred Savitt and Bernard Gunzburg appeal from so much of an order of the Supreme Court, Kings County (Williams, J.), entered May 8, 1987, as denied their cross motion for summary judgment dismissing the complaint as against them.

Ordered that the order is affirmed insofar as appealed from, with costs.

*538This action is one of several actions that has been brought over the past few years by the minority shareholders of a close corporation known as Art-Lloyd Metal Products Corp. (hereinafter the corporation). In one of the prior…