DELCOR LABS., INC. v. COSMAIR, INC.


169 A.D.2d 639 (1991)

Delcor Laboratories, Inc., et al., Appellants-Respondents, v. Cosmair, Inc., Respondent-Appellant

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

January 29, 1991


The individual plaintiffs, desirous of purchasing the assets of Diamond East Laboratories, Inc., conducted a due-diligence investigation of the company, during the course of which they met in April 1986 with representatives of defendant, which was Diamond East's largest customer, to assure that this account would be continued following the acquisition. Apparently satisfied that the business relationship would continue unchanged, the individual plaintiffs then closed on the...

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