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DUCHARME v. COMPAGNIES D'ASSURANCES DU GROUPE DROUOT

173 A.D.2d 217 (1991)

Guy N. Ducharme, Appellant, v. Compagnies D'Assurances Du Groupe Drouot et al., Respondents

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

May 7, 1991

Plaintiff, who was the president, CEO, and a major stockholder of Windsor Life Insurance Company of America ("Windsor"), a domestic life insurance company, and defendant Compagnies D'Assurances Du Groupe Drouot ("Groupe Drouot"), entered into a ten-year agreement in anticipation of Group Drouot's acquisition of a controlling interest in Windsor. The agreement contained a stock buy-back provision obligating Groupe Drouot to purchase the plaintiff's shares in Windsor at a premium...

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