Richter v. Achs

Business Valuation UpdateVol. 3 No. 7
Legal and Court Case Update
July 1997
7841 Video Tape Rental
532282 Video Tape and Disc Rental
judicial dissolution
fraud, corporate dissolution

Richter v. Achs
962 F. Supp. 31, 1997 U.S. Dist. LEXIS 5187
April 17, 1997
Federal Court
New York
United States District Court


Two plaintiffs and three defendants formed a closely held company, defendant A-Train Video Inc., where each individual shareholder was also a director holding 20% of the company's stock.

See Also

Richter v. Achs

At issue is a dispute about the valuation of the plaintiff's shares of stock in a video corporation and whether defendants met secretly, withheld funds from the corporation, and put corporate receivables into a new bank account.