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HOME & CITY SAV. BANK v. ROSE ASSOCS.

175 A.D.2d 386 (1991)

Home & City Savings Bank, Respondent, v. Rose Associates, I, L.P., et al., Appellants. (Action No. 1.) William F. Duker et al., Respondents, v. Rose Associates I, L.P., et al., Appellants. (Action No. 2.)

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

July 11, 1991

Harvey, J.

Defendants Rose Associates I, L.P. (a Delaware limited partnership) and HCBC, Inc. (a Delaware corporation), were formed for the purpose of investing in and/or acquiring plaintiff Home & City Savings Bank (hereinafter plaintiff). Shortly after their formation, defendants purchased 9.9% of the outstanding shares of plaintiff. Following several unsuccessful attempts by plaintiff to block defendants in their pursuits, a series of negotiations...

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