Legal Opinion
Crane v. Perfect Film & Chemical Corp.
Appellate Division of the Supreme Court of the State of New York
Decided February 22, 1972PublishedCited by 8 opinions
1Opinion of the CourtMacken, J.
At issue is whether, on the facts presented, plaintiff may enforce a stock purchase option granted him by defendant’s predecessor.
On August 15,1963, by written contract, plaintiff was employed as an executive of a wholly owned subsidiary of Perfect Photo, Inc., a predecessor of defendant, for a term of five years. September 9, 1964, while so employed, Perfect granted plaintiff an option to purchase 3,000 shares of its common stock at its then market value. The grant recited that, the option was given ‘‘ as an inducement to remain in the service of the Corporation and as an incentive for…
2Cases cited2 opinions
- Vogel v. Paths Exchange, Inc.Appellate Division of the Supreme Court of the State of New York · 1932
- Parsil v. EmeryAppellate Division of the Supreme Court of the State of New York · 1934
3Cited by8 opinions
- William Rothenberg v. Lincoln Farm Camp, Inc.Court of Appeals for the Second Circuit · 1985
- Ronald G. Jones, Petitioner-Appellant-Cross-Appellee v. Dunkirk Radiator Corporation, Defendant-Appellee-Cross-AppellantCourt of Appeals for the Second Circuit · 1994
- Alan N. Alpern, Appellant-Cross-Appellee v. Lawrence N. Hurwitz, Appellee-Cross-AppellantCourt of Appeals for the Second Circuit · 1981
- Trieger v. Montefiore Medical CenterAppellate Division of the Supreme Court of the State of New York · 2005
- Levine v. Zerfuss Offset Plate Service Co.District Court, S.D. New York · 1980
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