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FIRST CAPITAL ASSET MANAGEMENT, INC. v. N.A. PARTNERS, L.P.

300 A.D.2d 112 (2002)

755 N.Y.S.2d 63

FIRST CAPITAL ASSET MANAGEMENT, INC., Respondent, v. N.A. PARTNERS, L.P., et al., Respondents, and SOHRAB VAHABZADEH, Appellant.

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

Decided December 17, 2002.

This CPLR article 52 enforcement proceeding arises out of a prior action by petitioner-respondent First Capital Asset Management, Inc. (First Capital) against respondents N.A. Partners, L.P. (NAP), North American Consortium, Inc. (NACI), Sohrab Vahabzadeh (Vahabzadeh), the owner/principal of NAP and NACI, and others. In the prior action, First Capital alleged the breach of a stock purchase agreement which called for First Capital to sell 35% of the stock of a subsidiary to...

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