ALBANY MOTOR INN & REST., INC. v. WATKINS


85 A.D.2d 797 (1981)

Albany Motor Inn and Restaurant, Inc., et al., Respondents, v. Berne Watkins, Appellant, et al., Defendant

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

December 17, 1981


Plaintiff Albany Motor Inn and Restaurant, Inc. (AMI), in deep financial trouble and in need of fiscal resuscitation, considered an offer of defendant Watkins to purchase either the assets of AMI or Ethel Ibbotson's 100% stock ownership. In connection with this offer, made in early 1976, the attorney for AMI and Ibbotson requested a financial statement. Defendant Watkins, stating he did not have a more recent financial account,...

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