Alpert v. 28 Williams St. Corp.

— Judgment of the Supreme Court, New York County (Schwartz, J.), entered on July 7,1982, which held defendants liable as directors and majority shareholders with respect to a merger agreement which they approved and executed, and set the matter down for a hearing to assess remedies and damages, unanimously reversed, on the law and the facts, and the matter remanded for a new trial, with costs to abide the event, in which the court should make findings of fact as to whether the merger transaction was tainted with fraud, conflict of interest or self-dealing. Plaintiffs, until execution of the…