COOPER v. de la MOTOBECANE


86 A.D.2d 568 (1982)

Robert R. Cooper, Appellant, v. Ateliers de la Motobecane, S. A., Respondent

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

January 26, 1982


Respondent (Motobecane) is a French corporation. A New York subsidiary (Motobecane America) was established with Motobecane maintaining voting control. Appellant (Cooper) was a shareholder in the New York corporation. The shareholders' agreement provided that the shareholders could tender their shares for repurchase by Motobecane and/or Motobecane America, with the obligation to repurchase being joint and several between the companies. The agreement further contained a provision...

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