¶ Plaintiffs own preferred stock in defendant corporation, having received it from the estates of their parents, Dora and Isadore Haber. Pursuant to a stock redemption agreement with defendant, plaintiffs deposited the stock with an escrow agent and defendant became obligated to make annual payments to them until the stock became fully redeemed in 1989. Defendant ceased making the payments in 1977, its attorney explaining in a letter dated February 9, 1978: "We believe...
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