Bradford v. Crown-Bremson Industries, Inc.

ORDER

WILLIAM E. MILLER, Chief Judge.

Plaintiff, James C. Bradford, Jr., is the owner of certain stock purchase warrants of the Cher-O-Kee Photofinishers, Inc. The defendant Crown-Bremson Industries, Inc., formerly doing business as Crown Photo, Inc., purchased the assets of Cher-O-Kee in exchange for Crown stock. As a part of the contract of sale, Cher-O-Kee and Crown entered into an agreement, dated July 31, 1961, concerning the disposition of the warrants not exercised before the closing of the contract of sale. Subparagraph iii of Paragraph 3(e) of the contract, relevant to the instant…