RESNICK v. MAXIM GROUP, INC.


221 A.D.2d 957 (1995)

633 N.Y.S.2d 910

Jeffrey Resnick, Appellant, v. Maxim Group, Inc., et al., Respondents

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

November 15, 1995


Order and judgment unanimously reversed on the law with costs, motion granted and judgment ordered in accordance with the following Memorandum: Plaintiff commenced this action to enforce a corporate stock purchase agreement, a corporate promissory note, and personal guarantees. The dispute concerns the proper formula for calculating a stock redemption price; plaintiff asserts that a formula in the agreement entitles him to a redemption price of $322,176.96, while defendants...

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