Wallace v. Crisman

Order, Supreme Court, New York County (Francis N. Pécora, J.), entered September 27, 1990, which, inter alia, granted defendants’ motion to sever and stay the first, second, third and seventh causes of action, and dismissed the sixth cause of action, of the amended complaint, unanimously affirmed, with costs.

Plaintiff commenced this action based upon alleged misappropriation of assets of The Salmon Group, Inc. by defendants and alleged willful misrepresentations to induce plaintiff to purchase shares of stock in the corporation.

The court properly severed the derivative claims raised in the…