Emmrich v. Technology for Information Management, Inc.

— Appeal from an order of the Supreme Court at Special Term (Pitt, J.), entered July 1,1982 in Albany County, which granted plaintiff’s motion for disclosure to aid in bringing an action. Plaintiff is a minority (2%) shareholder in corporate defendant Technology for Information Management, Inc. (TIM). He acquired his shares primarily as part of a chapter X reorganization in 1972 in exchange for a 1969 $10,000 note he had been holding. In 1976 defendant Willcox, president of TIM, started a new company, corporate defendant TIM-formation, Inc. Also in 1976, defendant Willcox offered to purchase…