Nechis v. Gramatan Gardens, Inc.

This is a motion for summary-judgment brought by the defendants in a stockholders’ derivative suit.

The complaint states two causes of action against the defendants. The first cause of action alleges waste of corporate assets by payment of excessive salary to the defendant Myra Abelman and excessive legal fees to defendant Arthur F. Abelman. The second cause of action asks the court to declare a dividend. The prayer for relief set forth in the complaint seeks an accounting for the moneys received and disbursed by the defendants as officers and directors of the corporate defendant,…