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METEOR INDUS., INC. v. METALLOY INDUS., INC.

149 A.D.2d 483 (1989)

Meteor Industries, Inc., et al., Appellants-Respondents, v. Metalloy Industries, Inc., et al., Respondents-Appellants

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

April 10, 1989

Ordered that the judgment is affirmed, without costs or disbursements.

In 1975, the plaintiffs Harold Greenberg and Andrew Linder and the defendant Glenn Blumberg formed the corporate plaintiff Meteor Industries, Inc. (hereinafter Meteor). These individuals were the only stockholders. In 1978, they entered into a shareholders' agreement which provided, in pertinent part, as follows:

"7. In the event that any Shareholder, during his lifetime, desires to dispose...

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