Cohen v. William Goldberg & Co.

Sognier, Chief Judge.

Jay Cohen, the sole stockholder in the T-Shirtery, Inc., and Steve Radford, the sole stockholder in Hightower Corporation, the holding company of All-Star Imprinting, Inc., entered into negotiations to sell the stock of the T-Shirtery and All-Star to William Goldberg & Company, Inc. (WGC), whose sole stockholder was Bill Goldberg, in exchange for Jay Cohen and Radford receiving, inter alia, 37.5 and 25 percent, respectively, of WGC’s stock, executive positions in WGC, and, in Jay Cohen’s case, certain additional remuneration for the TShirtery’s stock. The deal collapsed,…