Sorin v. Shahmoon Industries, Inc.

The defendants, by letter, have informally requested leave to reargue certain of the factual issues disposed of in my decision and opinion after trial. These issues centered around the accepted legal propositions that — since the plaintiffs had failed to show that they had made demand upon the corporation to institute an action to recover for the misuse and waste of corporate funds and assets by and for the personal benefit of Shahmoon, the corporation’s principal officer, and since the plaintiffs had also failed to show that the board of directors would default in its duty to act properly if…