Ginsburg v. Redmond Finishing Co.

Order, Supreme Court, New York County, entered August 23, 1979, unanimously modified, on the law, to the extent of striking CPLR 3211 (subd [a], par 2) from the first decretal paragraph as the ground for dismissal and substituting CPLR 3211 (subd [a], par 7) therefor, and, as so modified, affirmed, with one bill of costs to respondents. Plaintiff has been president and a director of defendant Redmond Finishing Co., a Pennsylvania corporation, since 1956. He owns 49% of the shares. The remaining 51%, the majority balance of the shares, has been held since 1961 by defendant Ginsburg…