Howard v. Carr
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Mikoll, J. P.
Appeal from a judgment of the Supreme Court (Harris, J.), entered July 13, 1994 in Albany County, upon a decision of the court in favor of plaintiffs.
Plaintiffs commenced this action against defendants alleging, inter alia, that defendant Howard Carr had breached his duty of good faith under Business Corporation Law §§715 and 717 by converting business assets and opportunities of plaintiff Syndac Investors, Inc.
Plaintiff Robert B. Howard and Carr incorporated Syndac in 1981 for the purpose of selling and leasing commercial and industrial properties. Each owned 10 shares of Syndac…
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