Westmoreland Coal Co. v. Entech, Inc.

OPINION OF THE COURT

Read, J.

This case involves a dispute under a stock purchase agreement whereby Westmoreland Coal Company acquired all of the outstanding capital stock of several of Entech’s coal mining subsidiaries (the Companies). Entech appeals from an order of the Appellate Division, which affirmed Supreme Court’s determination that all of Westmoreland’s objections to asset values in Entech’s closing date certificate were subject to alternative dispute resolution (ADR) under the stock purchase agreement’s purchase price adjustment provisions. For the reasons that follow, we conclude…