REINER v. KANE


9 A.D.2d 773 (1959)

Lillian Reiner et al., Respondents, v. Richard Kane, Appellant

Appellate Division of the Supreme Court of the State of New York, Second Department.

November 9, 1959


Order reversed, with $10 costs and disbursements, and motion denied, with $10 costs.

In our opinion, it was an improvident exercise of discretion for the court to have granted the injunction. By the agreement sought to be enforced in this action, appellant was required, if his employment by the corporations should be terminated, to offer his stock for sale to respondents at "book value plus good will". After the termination of his employment he commenced the stockholder...

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