Lyons v. Cates Consulting Analysts, Inc.

— Order of the Supreme Court, Npw York County (Maresca, J.), entered November 13,1981, denying plaintiff’s motion for summary judgment, unanimously reversed, on the law, the motion granted and defendant’s counterclaim severed, all without costs. In the exercise of discretion execution on the judgment to be entered by plaintiff is stayed pending determination of the counterclaim. Plaintiff and David Cates were the sole shareholders in Cates, Lyons & Co., Inc. Each owned 50% of the stock. A stockholders’ agreement provided that if either left the corporation, his shares would be purchased…