SALLY LOU FASHIONS CORP. v. CAMHE-MARCILLE


300 A.D.2d 224 (2002)

755 N.Y.S.2d 67

SALLY LOU FASHIONS CORP. et al., Respondents-Appellants, v. MONA CAMHE-MARCILLE et al., Appellants-Respondents. (And Another Action.)

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

Decided December 31, 2002.


An issue of fact exists as to whether the requirement under the 1981 agreement that the three shareholder signatories receive equal compensation was superseded by the 1992 agreement, which did not contain an equal compensation requirement. Accordingly, we modify to reinstate that part of defendants' first counterclaim as seeks to recover the same compensation as was paid the other two shareholders up until the time that the equal compensation provision was admittedly superseded...

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