CAYUGA PRESS OF ITHACA, INC. v. LITHOGRAFIKS, INC.


211 A.D.2d 908 (1995)

621 N.Y.S.2d 187

Cayuga Press of Ithaca, Inc., Respondent-Appellant, v. Lithografiks, Inc., et al., Appellants-Respondents

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

January 5, 1995


Mercure, J.

Defendant Lithografiks, Inc. is a closely held corporation established, owned and operated by its president, defendant Paul Muhly, and Brian Bennett. Following Bennett's sudden death in January 1990, Muhly had no further interest in operating the business and decided to dispose of its assets. In May 1990, after months of negotiations and on-site inspections, plaintiff contracted to purchase a 1973 Koenig and Bauer four-color printing press...

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