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MATTER OF LIBERTY TESTING LAB., INC. v. PERALES

188 A.D.2d 762 (1992)

In the Matter of Liberty Testing Laboratory, Inc., Appellant, v. Cesar A. Perales, as Commissioner of The New York State Department of Social Services, Respondent

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

December 10, 1992

Mikoll, J. P.

Petitioner, a certified clinical laboratory in Kings County and a Medicaid provider since 1984, entered into a stock purchase and sale agreement (hereinafter the agreement) on January 11, 1990 through its sole stockholder, Lucia Madrid, with Frank Huerta, Jr. and Jose Vasquez. The agreement provided for, inter alia, the transfer of 78% of petitioner's stock to Huerta and 22% of petitioner's stock to Vasquez, with 50% of petitioner...

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