Legal Opinion
MHR Capital Partners LP v. Presstek, Inc.
New York Court of Appeals
Decided June 24, 2009PublishedCited by 166 opinions
1Opinion of the Court
*643OPINION OF THE COURT
Graffeo, J.
In this breach of contract action, we conclude that defendant’s obligation to perform under a stock purchase agreement did not arise because an express condition precedent was not fulfilled. We therefore affirm the order of the Appellate Division so holding.
In 2003, defendant Presstek, Inc. and its wholly owned subsidiary, defendant Silver Acquisitions Corp., entered into discussions to purchase A.B. Dick Company (ABD)—a financially distressed graphic arts and printing supplier—from its parent corporation, Paragon Corporate Holdings, Inc. The negotiations…
2Cases cited5 opinions
- Greenfield v. Philles Records, Inc.New York Court of Appeals · 2002
- Oppenheimer & Co. v. Oppenheim, Appel, Dixon & Co.New York Court of Appeals · 1995
- ADC Orange, Inc. v. Coyote Acres, Inc.New York Court of Appeals · 2006
- Innophos, Inc. v. RHODIA, SANew York Court of Appeals · 2008
- MHR Capital Partners LP v. Presstek, Inc.Appellate Division of the Supreme Court of the State of New York · 2008
3Cited by166 opinions
- Hahn Automotive Warehouse, Inc. v. American Zurich InsuranceNew York Court of Appeals · 2012
- Grand Wireless, Inc. v. Verizon Wireless, Inc.Court of Appeals for the First Circuit · 2014
- IDT Corp. v. Tyco Group, S.A.R.L.New York Court of Appeals · 2009
- Luitpold Pharmaceuticals, Inc. v. Ed. Geistlich Söhne A.G. Für Chemische IndustrieCourt of Appeals for the Second Circuit · 2015
- Utica Mut. Ins. Co. v. Clearwater Ins. Co.Court of Appeals for the Second Circuit · 2018
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