Appellate Division of the Supreme Court of the State of New York January 22, 1985 (GAF Corp. v. Werner)

OPINION OF THE COURT

Ross, J.

GAF Corporation (GAF) manufactures and sells chemicals, photographic products, and building materials. It is a Delaware *42corporation and its principal place of business is located in New York County. In 1965, GAF became a publicly held company and its common and preferred stock are listed and traded on the New York Stock Exchange.