Zetlin v. Hanson Holdings, Inc.

Order, Supreme Court, New York County, entered on December 20, 1976, affirmed on the opinion of Mangan, J., at Special Term. Respondents shall recover of appellant one bill of $75 costs and disbursements of this appeal. Concur—Evans, Lynch and Sandler, JJ.; Kupferman, J. P., dissents in the following memorandum. I am perturbed, as was Judge Friendly in Essex Universal Corp. v Yates (305 F2d 572, 580) by the subversion of corporate democracy occasioned by the conclusion reached by the majority in this matter. The defendants sold their stock interest aggregating 44.4% in Gable Industries, Inc.,…