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GINSBURG v. REDMOND FINISHING CO.

75 A.D.2d 505 (1980)

Alan Ginsburg, Appellant, v. Redmond Finishing Co. et al., Respondents

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

April 3, 1980

Plaintiff has been president and a director of defendant Redmond Finishing Co., a Pennsylvania corporation, since 1956. He owns 49% of the shares. The remaining 51%, the majority balance of the shares, has been held since 1961 by defendant Ginsburg Manufacturing Co., a New York corporation. A 1962 shareholders' agreement set strict guidelines for the sale or other disposal of either's holdings, to wit: (1) sale must include all of...

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