SIMON v. ELECTROSPACE CORP.


34 A.D.2d 528 (1970)

Harold Simon, Respondent-Appellant, v. Electrospace Corporation, Appellant-Respondent, et al., Defendants

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

March 19, 1970


Judgment entered September 11, 1969, herein appealed from, unanimously reversed on the law, without costs and without disbursements, the judgment vacated, and the matter remanded to Mr. Justice HELMAN for taking of further testimony and findings as to the value of the stock in question.

A majority of this court is in accord with the determination that such stock, if issued to plaintiff, would necessarily have been restricted and could only have been held for a period...

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