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FASHION ENVELOPES, INC. v. MINSKY

72 A.D.2d 698 (1979)

Fashion Envelopes, Inc., Respondent, v. Samuel Minsky, Respondent, and Michael Losquadro, Appellant Samuel Minsky, Respondent, v. Michael Losquadro, Appellant

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

November 13, 1979

Fashion Envelopes, Inc., Samuel Minsky, the president and sole shareholder of Fashion, and Michael Losquadro entered into an agreement, dated December 24, 1978, whereby Losquadro became an employee of Fashion and received 50% of the stock. The agreement also provided that Losquadro's salary could not be more than $50 a week below Minsky's. Arbitration was mandated "in the event of any dispute between the parties." On July 7, 1977, Losquadro served Minsky with a demand for...

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