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KAPLAN v. E. F. HUTTON GROUP, INC.

155 A.D.2d 227 (1989)

Sanford F. Kaplan, Respondent, v. E. F. Hutton Group, Inc., et al., Respondents. Vladeck, Waldman, Elias & Engelhard, P. C., Nonparty Appellant

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

November 2, 1989

Late in 1987, the E. F. Hutton Group, Inc. (Hutton) and Shearson Lehman Brothers Holdings Inc. (Shearson) publicly announced that Shearson was acquiring Hutton.

Before Shearson's acquisition, 3,300 employees of Hutton were participants in an equity option plan (option plan), and approximately 300 key employees of Hutton were participants in an equity ownership plan. The terms of both the option and equity ownership plans...

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