Levey v. Saphier

In an action to declare a certain stock option agreement *960illegal and void, plaintiffs appeal from an order of the Supreme Court, Nassau County, entered September 8, 1975, which, inter alia, (1) granted defendant Saphier’s motion for partial summary judgment, (2) denied their cross motion for summary judgment and (3) declared that the option agreement was lawful. Order affirmed, with $50 costs and disbursements. The agreement in controversy involves a sale, as part of an overall business settlement, of two blocks of stock of plaintiff Dynaport Electronics, Inc. The stock was sold by defendants…