MATTER OF PRINCETON INFO., LTD. IRA PERKINS


235 A.D.2d 234 (1997)

652 N.Y.S.2d 272

In the Matter of the Dissolution of Princeton Information, Ltd. Ira Perkins, Appellant; Noel Marcus, Respondent

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

January 9, 1997


The broad arbitration clause in the parties' shareholders' agreement clearly covers the subject matter of the dispute, which essentially concerns claimed breaches of those parts of the agreement relating to the management of the corporation. Contrary to petitioner's unpreserved claim, paragraph 11 of the shareholders' agreement, which provides that if a provision is found to be illegal, invalid or unenforceable the remaining clauses of the agreement will not be affected,...

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