New York Court of Appeals
Deborah Ronnen v. Ajax Electric Motor…
July 9, 199688 N.Y.2d 582
Summary
The New York Court of Appeals affirmed the Appellate Division's order requiring a new election of directors, holding that the 1982 shareholders' agreement gave Neil Norry the right to vote the Ronnen shares in board elections and that the lower court properly exercised its discretionary authority under Business Corporation Law § 619.