SHAY-BRETT, INC. v. ERSKINE


28 A.D.2d 985 (1967)

Shay-Brett, Inc., Respondent, v. B. Harold Erskine et al., Appellants

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

October 10, 1967


Order entered July 10, 1967, herein appealed from, unanimously reversed, on the law and the facts, with $30 costs and disbursements to appellants, and the injunction vacated.

September 21, 1966 plaintiff and defendant B. Harold Erskine entered into an agreement whereby Erskine sold and plaintiff purchased a 51% interest in Hargo Woolen Mills, Inc. (Hargo) a publicly held corporation. $100,000 was the agreed-upon purchase price, $25,000 of which was paid at the time...

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