Legal Opinion
AJW Partners LLC v. Itronics Inc.
Appellate Division of the Supreme Court of the State of New York
Decided December 17, 2009PublishedCited by 10 opinions
1Opinion of the Court
*568The parties entered into a complex financing arrangement, as set out in a securities purchase agreement pursuant to which defendants issued callable secured convertible notes valued at the loan amount of $3.25 million. When, several years later, defendants refused to honor plaintiffs’ exercise of stock conversion rights, plaintiffs brought this action for breach of contract. In response, defendants interposed the subject counterclaims, alleging that plaintiffs violated the parties’ agreement by short selling the stock of defendant Itronics Inc. and by engaging in market manipulation in order…
2Cases cited5 opinions
- SNS Bank v. CitibankAppellate Division of the Supreme Court of the State of New York · 2004
- River Glen Associates, Ltd. v. Merrill Lynch Credit Corp.Appellate Division of the Supreme Court of the State of New York · 2002
- Yeterian v. Heather Mills N. V. Inc.Appellate Division of the Supreme Court of the State of New York · 1992
- Corio v. R. Lewin Interior Design, Inc.Appellate Division of the Supreme Court of the State of New York · 2008
- Levi v. Utica First InsuranceAppellate Division of the Supreme Court of the State of New York · 2004
3Cited by10 opinions
- Oddo Asset Management v. Barclays Bank PLCNew York Court of Appeals · 2012
- AMUSEMENT INDUSTRY, INC. v. SternDistrict Court, S.D. New York · 2011
- Ironforge. Com v. Paychex, Inc.District Court, W.D. New York · 2010
- ERC 16W Ltd. Partnership v. Xanadu Mezz Holdings LLCAppellate Division of the Supreme Court of the State of New York · 2012
- Zwicker v. Emigrant Mortgage Co.Appellate Division of the Supreme Court of the State of New York · 2012
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