MATTER OF RELIANCE DRUG CO., INC.


39 A.D.2d 580 (1972)

In the Matter of the Arbitration between Reliance Drug Co., Inc., et al., Appellants, and Leslie J. Finke, as Executrix of Arthur M. Palmer, Deceased, Respondent

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

April 17, 1972


Proceeding remanded to the Special Term for a hearing and decision on the following issue: Did Palmer and petitioner Leon Sperling, individually and as Reliance's officers, agree in December, 1969, that the purchase price of $100,000 which Reliance, on January 30, 1964, had agreed to pay for Palmer's or Sperling's respective 50% of Reliance's common stock on the death of either of them, should continue as the agreed price and reasonable value therefor, to be paid by Reliance...

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