McKay v. Teleprompter Corp.

These are appeals and cross appeals from orders entered September 26, 1962, which (1) denied a motion to dismiss a proceeding instituted by a petition dated July 19, 1962, and (2) granted a motion to dismiss a proceeding instituted by petition dated July 26,1962, on the ground that such proceeding was unnecessary. For convenience the appeals and cross appeals are discussed together.

These were proceedings instituted pursuant to sections 20 and 21 of the Stock Corporation Law to determine the value of stock owned by petitioners in Teleprompter Corporation (herein Teleprompter).

Petitioners,…