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MUH v. RISHER

38 N.Y.2d 441 (1975)

Robert Muh, Respondent, v. Paul D. Risher, Appellant, et al., Defendant.

Court of Appeals of the State of New York.

Decided December 29, 1975.

Attorney(s) appearing for the Case

Donald H. Shaw for appellant.

Sydney J. Schwartz and Melvin A. Yellin for respondent.

Chief Judge BREITEL and Judges JASEN, GABRIELLI, JONES, WACHTLER, FUCHSBERG and COOKE concur.

MEMORANDUM.

The order of the Appellate Division should be reversed.

In February, 1972 respondent, then a Vice-President and Chairman of the Board of Newberger, Loeb & Co., Inc., a member of the New York and American Stock Exchanges, entered into an agreement with appellant, then president and a director of the Newberger firm, and others for the sale to them of respondent's 200,000 shares of the stock of Newberger...

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