LYONS v. CATES CONSULTING ANALYSTS, INC.


88 A.D.2d 526 (1982)

John J. Lyons, Appellant, v. Cates Consulting Analysts, Inc., Respondent

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

May 11, 1982


In the exercise of discretion execution on the judgment to be entered by plaintiff is stayed pending determination of the counterclaim. Plaintiff and David Cates were the sole shareholders in Cates, Lyons & Co., Inc. Each owned 50% of the stock. A stockholders' agreement provided that if either left the corporation, his shares would be purchased either by the remaining shareholder or the corporation. Lyons left the corporation. His shares were purchased by the corporation...

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