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Business Organizations Keyed to Cox
Rifkin v. Steele Platt
Citation:824 P.2d 32 (1991)
The matter involves the sale of the controlling shares of the corporation – The Boiler Room – which owns a restaurant. Plaintiffs include the corporation and its present principal shareholders, Robert C. Rifkin, Gerald N. Kernis, and Gary G. Kortz (buyers). Sellers are the former controlling shareholders. The complaint alleged that Platt, as officer and director of the corporation, had misappropriated funds from it and that certain assets on the balance sheet were actually owned by Platt or other entities that he controlled.
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