Marino v. Island Express Advertising Inc.

In a proceeding pursuant to Business Corporation Law article 11 for judicial dissolution of a corporation and to rescind the purchase of stock and recover the money paid, the petitioners appeal from an order of the Supreme Court, Richmond County (Cusik, J.), dated November 8, 1989, which denied their motion for partial summary judgment on the second cause of action.

Ordered that the order is reversed, on the law, without costs or disbursements, and the petitioners’ motion for partial summary judgment on the second cause of action on the issue of rescission of the purchase agreement is granted.

I…