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STEVENS v. PUBLICIS S.A.

50 A.D.3d 253 (2008)

854 N.Y.S.2d 690

ARTHUR H. STEVENS, Appellant, v. PUBLICIS S.A., et al., Respondents.

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

Decided April 1, 2008.

In October 1999, plaintiff sold his New York-based public relations firm, Lobsenz-Stevens (L-S), to defendant Publicis S.A., a French global communications company, and its codefendant American subsidiary. The sale involved two contracts: a stock purchase agreement, pursuant to which plaintiff sold all the stock of L-S to defendants, and an employment agreement, pursuant to which plaintiff was to continue as chairman and CEO of the new company, named Publicis-Dialog, Public...

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