ATL. WELDING SERVS., INC. v. WESTCHESTER STEEL FABRICATORS CORP.


173 A.D.2d 1073 (1991)

Atlantic Welding Services, Inc., Plaintiff, v. Westchester Steel Fabricators Corporation, Defendant and Third-Party Plaintiff-Respondent, and Guiseppe Palmisano, Third-Party Defendant. Gianfranco Steffe, Third-Party Defendant-Appellant

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

May 16, 1991


Casey, J. P.

At issue on this appeal is whether the third-party complaint states a cause of action based upon fraud against third-party defendant Gianfranco Steffe. Prior to March 18, 1988, Steffe and two others were the owners of all the shares of defendant, a corporation engaged in the construction business. By a redemption agreement dated March 18, 1988, defendant purchased the shares of Steffe and one of the other shareholders. Defendant also released...

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