We agree with the IAS Court that respondent's July 2, 1998 letter to petitioner was not a request for "further information with respect to the Outside Offeror and the Sale or Lease Agreement", as authorized by respondent's by-laws, but an imposition of conditions upon the proposed sale not authorized by the by-laws, and not made in good faith. Since such "request" was not authorized, respondent cannot argue that the time to exercise its right of first refusal never began...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
