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MATTER OF GERSHEN v. HESS

163 A.D.2d 17 (1990)

In the Matter of William R. Gershen et al., Respondents, v. Werner Hess et al., Appellants

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

July 3, 1990

From 1964 to 1987, petitioners William R. Gershen and George J. Gershen (the Gershens) were shareholders of Halo Fashions, Inc., a firm engaged in the manufacture and sale of garments, with respondents Werner and Gunther Hess (the Hesses). Pursuant to an agreement which became effective July 1, 1987, the Gershens sold their shares of Halo to the company and to Charles Bezner. As a result, Bezner and each of the Hesses became one...

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