Bouhayer v. Georgalis

OPINION OF THE COURT

David Goldstein, J.

This is a shareholders’ derivative action, commenced by *780plaintiffs Bouhayer and Alissandratos, who own two thirds of the outstanding stock and are, respectively, president and vice-president of the corporate defendant, Gregouar Food Specialties, Inc. Defendant Georgalis owns one third of the stock and was the general manager of Gregouar Food, which operated a delicatessen at 46 West 56th Street, New York, New York. As manager, Georgalis was charged with the responsibility for hiring employees, collecting receipts, keeping the payroll and other financial…