Levy v. American Beverage Corp.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtCallahan, J.
The defendants-appellants, former owners of a majority of the voting stock of American Beverage Corporation, have been held liable for financial losses sustained by that corporation. All of these losses occurred after appellants *210ceased their connection with the company, and were dne to the misconduct or mismanagement of persons to whom said appellants sold their corporate stock.
In addition, appellants have been compelled to pay over to American Beverage Corporation an alleged profit in the sum of $169,000, which it has been found was illicitly made by them on the sale of their stock, although…
2Cases cited8 opinions
- Gamble v. Queens County Water Co.New York Court of Appeals · 1890
- Farmers' Loan & Trust Co. v. New York & Northern Railway Co.New York Court of Appeals · 1896
- Kavanaugh v. . Kavanaugh Knitting Co.New York Court of Appeals · 1919
- Bosworth v. . AllenNew York Court of Appeals · 1901
- Barnes v. . BrownNew York Court of Appeals · 1880
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3Cited by29 opinions
- Harris v. CarterCourt of Chancery of Delaware · 1990
- Atlanta Shipping Corp., Inc. v. Chemical BankDistrict Court, S.D. New York · 1986
- Fenestra Inc. v. Gulf American Land Corp.Michigan Supreme Court · 1966
- Essex Universal Corporation v. Herbert J. YatesCourt of Appeals for the Second Circuit · 1962
- Thompson v. HambrickCourt of Appeals of Texas · 1974
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