MATTER OF FASANO v. FASANO


134 A.D.2d 589 (1987)

In the Matter of Edward J. Fasano, Appellant, v. Gerald Fasano et al., Respondents

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

November 30, 1987


Ordered that the order is reversed, without costs or disbursements, and the application to stay arbitration is granted.

The parties, who were the sole shareholders of J.E.F. Deli Corp., entered into a shareholders' agreement whereby they agreed, inter alia, that no shareholder would sell his stock without first offering the corporation, and then the other stockholders, an opportunity to buy his stock at a price to be determined through arbitration, unless the...

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