CONROY v. DIGITAL STORAGE INC.


170 A.D.2d 1030 (1991)

Michael P. Conroy, Appellant, v. Digital Storage Incorporated, Respondent

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

February 1, 1991


Order unanimously reversed on the law with costs and motion denied.

Memorandum:

Defendant, an Ohio close corporation, hired plaintiff as a financial consultant in February or March of 1989. At that time, plaintiff was given an option to purchase 20% of the outstanding stock of defendant for $50,000, the option to be exercised on or before December 31, 1989. Plaintiff alleges that in June of 1989 the holders of 70% or more of the stock of defendant modified...

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