Plaintiffs fail to state a cause of action. The writing they rely on to satisfy the Statute of Frauds (UCC 8-319 [a]) expressly contemplates execution of formal stock purchase and shareholder agreements, and, lacking a mechanism for ascertaining the manner of governance and other material terms customarily included in such formal agreements, otherwise amounts to nothing more than an unenforceable agreement to agree (see, Martin Delicatessen v Schumacher,
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STEINBERG v. DiGERONIMO
255 A.D.2d 204 (1998)
680 N.Y.S.2d 93
Robert Steinberg et al., Appellants, v. Stephen DiGeronimo et al., Respondents
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
November 17, 1998
November 17, 1998
Appellate Division of the Supreme Court of the State of New York, First Department.
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