SANDS BROTHERS & CO., LTD. v. GENEREX PHARMACEUTICALS, INC.


279 A.D.2d 377 (2001)

720 N.Y.S.2d 450

SANDS BROTHERS & CO., LTD., Respondent, v. GENEREX PHARMACEUTICALS, INC., et al., Appellants.

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

Decided January 23, 2001.


Our modification is directed at the following provision of the arbitration panel's unanimous award, rendered on or about September 24, 1999: "The panel also hereby issues the declaratory judgment that [GBC] shall take all necessary action to issue to Sands Brothers warrants to purchase the amount of shares of common stock of [GBC] as would equal 17% of the 9,000,118 shares of common stock of [GPI] as at October 12, 1997, that being 1,530,020 shares, pursuant to and in accordance...

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