Soggs v. Crocco
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order unanimously reversed on the law without costs, motion granted, order vacated and complaint dismissed. Memorandum: The parties, sole shareholders in Crocco-Soggs Broadcasting, Inc., entered into an agreement on February 23, 1990 giving each party the option of purchasing the other party’s interest in the corporation. Under the agreement, defendant had the option to purchase plaintiff’s interest for $105,000. If defendant failed to exercise that option within 10 days, plaintiff was required to “buy out [defendant] at the sum invested by [defendant], as shown by her substantiated documents…
2Cases cited14 opinions
- McMahon v. City of New YorkAppellate Division of the Supreme Court of the State of New York · 1984
- Saperstein v. Mechanics & Farmers Savings BankNew York Court of Appeals · 1920
- Gotthelf v. . StranahanNew York Court of Appeals · 1893
- Ruben v. American & Foreign InsuranceAppellate Division of the Supreme Court of the State of New York · 1992
- P.K. Development, Inc. v. Elvem Development Corp.Appellate Division of the Supreme Court of the State of New York · 1996
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