Ordered that the order is affirmed, with costs, and the matter is remitted to the Supreme Court, Nassau County, for the entry of an appropriate judgment declaring that the value of James Lapsley's stock in Sorfin International, Ltd., shall be determined by book value.
Pursuant to a stock purchase and shareholders agreement between, among others, the parties, James Lapsley's resignation from his employment triggered a buy-out provision which provided for the redemption...
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.