Harcourt Wells, Inc. v. Cohen

GELFAND, J.,

The matters before the court are defendants’ preliminary objections to the complaint in equity of Harcourt Wells, Inc., (“Harcourt”) and the petition of Raymond G. Perelman (“Perelman”) to intervene as a party-plaintiff.

The facts are as follows:

Perelman as president of Harcourt instituted an action in equity in its name and on its behalf. The complaint was filed on November 18, 1976, and among other things it alleges fraud, unlawful self-dealing, and misuse of corporate opportunities by defendants who include, inter alia, an officer of Harcourt, Harcourt’s majority shareholders,…