CARADONNA v. CUNNINGHAM, SPONZO & ARSENEAU


118 A.D.2d 1031 (1986)

Richard R. Caradonna, Appellant, v. Cunningham, Sponzo and Arseneau, M. D.s, P. C., Respondent

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

March 27, 1986


Levine, J.

In February 1980, plaintiff joined with two other physicians in forming defendant, a professional corporation for the practice of medicine in the speciality of oncology. A stock redemption agreement was entered into requiring defendant to make certain payments to a withdrawing shareholder. In October 1980, the same three physicians entered into a partnership for the purpose of acquiring office and medical equipment and leasing this equipment...

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