Appellate Division of the Supreme Court of the State of New York March 21, 1967 (Greenbaum v. American Metal, Climax, Inc.)

Eager, J.

Certain of the defendants appeal from an order denying their motion for summary judgment. The action is brought by stockholders of a close corporation (“Eastern”) which is engaged in the business of production, sale and installation of precast architectural concrete products used in building construction. The plaintiffs, as owners of 11.