Case Name: Antonio C. Martinez, Individually and on Behalf of All Holders of Convertible Debentures of American Export Industries, Inc., Respondent, v American Export Industries, Inc., et al., Appellants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1975-06-17
Citations: 48 A.D.2d 803
Docket Number: 
Parties: Antonio C. Martinez, Individually and on Behalf of All Holders of Convertible Debentures of American Export Industries, Inc., Respondent, v American Export Industries, Inc., et al., Appellants.
Judges: 
Reporter: Appellate Division Reports
Volume: 48
Pages: 803–803

Head Matter:
Antonio C. Martinez, Individually and on Behalf of All Holders of Convertible Debentures of American Export Industries, Inc., Respondent, v American Export Industries, Inc., et al., Appellants.

Opinion:
Order, Supreme Court, New York County, entered on January 22, 1975, insofar as it granted plaintiffs motion to declare this a class action, unanimously reversed, on the law, and motion denied, without costs and without disbursements. Where, as here, a choice of remedies is available to each member of an alleged class, class action status should be denied. (Gaynor v Rockefeller, 15 NY2d 120, 129.) Permitting a class action in this instance would deprive the other debenture holders of their choice of remedies. (Onofrio v Playboy Club of N. Y., 15 NY2d 740.) Concur—Markewich, J. P., Kupferman, Murphy, Capozzoli and Lynch, JJ.