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MUSMAN v. MODERN DEB, INC.

50 A.D.2d 761 (1975)

Maurice Musman, Respondent-Appellant, v. Modern Deb, Inc., et al., Appellants-Respondents. et al., Defendants

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

December 11, 1975

The relevant circumstances in this action for damages for breach of an employment contract are as follows: plaintiff had been a shareholder and officer of defendant Modern Deb, Inc., when on December 31, 1968, all of the stock of Modern Deb was exchanged for stock of defendant the First Republic Corporation of America. In connection with the acquisition, Modern Deb entered into an employment agreement dated December 31, 1968 whereby...

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