Legal Opinion

Karnavat v. Jesse Bands, Inc.

Appellate Division of the Supreme Court of the State of New York

Decided June 26, 2001Published

1Opinion of the Court

—Order, Supreme Court, New York County (Robert Lipprnann, J.), entered on or about January 25, 2001, which denied plaintiffs motion for a preliminary injunction in aid of arbitration, unanimously affirmed, without costs.

Plaintiff is a 29Vs% shareholder in a three-shareholder corporation that the other two shareholders voted to dissolve pursuant to Business Corporation Law § 1001. While acknowl*267edging that the corporation is subject to dissolution pursuant to section 1001, plaintiff alleges that defendants voted for dissolution in furtherance of a conspiracy to “take the accounts, good will and…

2Cases cited2 opinions

  1. Koob v. IDS Financial Services, Inc.Appellate Division of the Supreme Court of the State of New York · 1995
  2. In re LevyAppellate Division of the Supreme Court of the State of New York · 1980

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