Parrott v. Coopers & Lybrand, L. L. P.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Tom, J.
Plaintiff Harold Tod Parrott was employed as Vice-President of Sales by nonparty Pasadena Capital Corporation, a privately held investment advisor firm located in California. A majority of the company’s shares were held by its CEO, with employees, including plaintiff, holding various minority interests. Under a January 1, 1992 stock purchase agreement, plaintiff purchased 40,500 shares at $28.22 per share. The purchase agreement provided that, upon termination of plaintiffs employment, the company would purchase back these shares at fair market value to be…
2Cases cited9 opinions
- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- Glanzer v. . ShepardNew York Court of Appeals · 1922
- White v. GuarenteNew York Court of Appeals · 1977
- Security Pacific Business Credit, Inc. v. Peat Marwick Main & Co.New York Court of Appeals · 1992
- William Iselin & Co. v. LandauNew York Court of Appeals · 1988
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