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CROSS v. COMMUNICATION INC

116 Misc.2d 1019 (1982)

Theodore L. Cross, Plaintiff, v. Communication Channels, Inc., et al., Defendants.

Supreme Court, Trial Term, New York County.

December 2, 1982

Attorney(s) appearing for the Case

Turchin & Topper (Morton Turchin of counsel), for plaintiff. Weisman, Cellar, Spett, Motlin & Wertheimer (Sheldon Bunin and Steven L. Cohen of counsel), for defendants.

SEYMOUR SCHWARTZ, J.

Plaintiff Theodore L. Cross (Cross) seeks a rescission of merger of Communication Channels, Inc. (CCI) into Shore Communications, Inc. (SCI), which then changed its name to Communication Channels, Inc., money damages and an accounting. A motion to preliminarily enjoin the merger was denied and the denial was affirmed by the Appellate Division.

Approximately 20 years ago CCI offered its stock publicly at $1 a share and netted...

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