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SAGER SPUCK STATEWIDE SUPPLY COMPANY, INC. v. MEYER

273 A.D.2d 745 (2000)

710 N.Y.S.2d 429

SAGER SPUCK STATEWIDE SUPPLY COMPANY, INC., Respondent, v. ERNEST L. MEYER et al., Appellants.

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

Decided June 29, 2000.

Spain, J.

In January 1990 defendant Ernest L. Meyer sold his 84.7% interest in Statewide Industrial Equipment Company to plaintiff's president, who also acquired the remaining shares of Statewide. As a result of its subsequent merger with Statewide, plaintiff succeeded to Statewide's rights under an agreement not to compete executed by Meyer in connection with the sale of his interest in Statewide. Meyer subsequently became a full-time consultant for plaintiff and...

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