Ducharme v. Compagnies D'Assurances Du Groupe Drouot

Judgment, Supreme Court, New York County (Myriam J. Altman, J.), entered April 5, 1990, which granted defendant’s motion for summary judgment and dismissed the complaint, unanimously affirmed, with costs.

Plaintiff, who was the president, CEO, and a major stockholder of Windsor Life Insurance Company of America ("Windsor”), a domestic life insurance company, and defendant Compagnies D’Assurances Du Groupe Drouot ("Groupe Drouot”), entered into a ten-year agreement in anticipation of Group Drouot’s acquisition of a controlling interest in Windsor. The agreement contained a stock buy-back…