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SCHWARTZ v. NAT'L COMPUTER CORP.

42 A.D.2d 123 (1973)

Milton Schwartz et al., Respondents-Appellants, v. National Computer Corp., Appellant-Respondent

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

July 3, 1973.

Attorney(s) appearing for the Case

Roy M. Cohn of counsel (Saxe, Bacon, Bolan & Manley, attorneys), for appellant-respondent.

Allen Green of counsel (Jerome J. Londin with him on the brief; Carro, Spanbock, Londin, Rodman & Fass, attorneys), for respondents-appellants.

KUPFERMAN, MURPHY, STEUER and CAPOZZOLI, JJ., concur.

STEVENS, P. J.

By contract between National Computer Corporation (National) and Regal Securities, Inc. (Regal) dated April 30, 1969, National agreed to sell and Regal agreed to purchase up to 34,000 shares of National's stock at $3 per share, and such shares were to carry warrants to purchase one share of common stock for each share purchased. The holders of the stock and warrants could make a single request...

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