Reeves v. Phillips

Order, Supreme Court, New York County, entered May 5, 1976, denying defendant Thomas M. Phillips’ motion to dismiss the complaint as against him for lack of jurisdiction over his person, unanimously modified, on the law and in the exercise of discretion, to the extent of granting leave to said defendant to plead such lack of jurisdiction as an affirmative defense in his answer and, as so modified, affirmed, without costs and disbursements. Plaintiffs are shareholders of defendant Texas Gulf, Inc. which was the object of a "take-over” bid by a Canadian company. The gravamen of plaintiffs’…