RIST v. COMI


250 A.D.2d 966 (1998)

672 N.Y.S.2d 961

Harold E. Rist et al., Appellants, v. Richard A. Comi, Respondent, et al., Defendants

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

May 14, 1998


Mikoll, J. P.

In September 1993, plaintiffs and defendant Richard A. Comi (hereinafter defendant) entered into a stock purchase agreement whereby defendant purchased 100% of the shares of defendant Glens Falls Communications Corporation (hereinafter the corporation) from plaintiffs. As part of the transaction, the parties entered into a deferred compensation agreement, providing for the payment of moneys to plaintiffs, and a pledge and escrow agreement...

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