Friedman v. Ragin
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
In late 1987, the plaintiff and the appellant formed Ralex Services, Inc. (hereinafter Ralex), for the purposes of purchasing and operating the Glen Island Care Center, a nursing home located in New Rochelle, New York. The plaintiff, who had no experience in the nursing-home business, contributed capital to the venture, and the appellant, an experienced nursing-home administrator, was to manage and operate the property.
In 1994, the plaintiff, concerned that the nursing home was not generating a profit, sought a more active role in the management of the business. The appellant resisted at…
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