Cohen v. American Beverage Corp.

— Order, Supreme Court, New York County, entered December 19, 1977, granting summary judgment in the amount of $30,000, but staying execution pending expeditious resolution of the defendant’s counterclaims, unanimously reversed, on the law, without costs and without disbursements, and the motion denied. Appeal from order, Supreme Court, New York County, entered March 13, 1978, denying reargument, dismissed, without costs and without disbursements. The plaintiff was the president and a director of the defendant, a publicly held corporation. The corporation had issued 10-year subordinated…