TUNNELL PUBL'G CO., INC. v. STRAUS COMMUNICATIONS, INC.


169 A.D.2d 1031 (1991)

Tunnell Publishing Company, Inc., et al., Appellants, v. Straus Communications, Inc., et al., Respondents

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

January 31, 1991


Casey, J.

Plaintiffs commenced this action seeking, inter alia, to accelerate the amount due on a promissory note given to plaintiffs by defendant Straus Communications, Inc. (hereafter SCI) as part of the transaction whereby SCI acquired four newspapers from plaintiffs. The note authorized acceleration of the principal balance upon the occurrence of certain events, including dissolution, merger, consolidation, reorganization, business failure...

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