Coffey v. Enfrastructure Technologies, Inc.

Appeal from an order of the Supreme Court (Ferradino, J.), entered May 6, 2011 in Saratoga County, which, among other things, denied plaintiffs motion for summary judgment.

Plaintiff was employed as defendant’s president from 2001 until his termination in 2005. He received two written stock options during his employment, each of which provided him the opportunity to purchase 30% of the common shares of defendant for a total price of $750,000. One option agreement granted plaintiff the option to purchase 900,000 shares of common stock of defendant at an exercise price of $0.83 per share…