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CONERGICS CORPORATION v. DEARBORN MID-WEST CONVEYOR CO.

16346, 653724/12.

144 A.D.3d 516 (2016)

2016 NY Slip Op 07750

43 N.Y.S.3d 6

CONERGICS CORPORATION et al., Appellants-Respondents, v. DEARBORN MID-WEST CONVEYOR CO. et al., Respondents-Appellants, et al., Defendant.

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

Decided November 17, 2016.

The plaintiffs in this action are Conergics Corporation and its corporate parent, Tomkins Industries, Inc. (TII) (collectively, plaintiffs).1 Before November 3, 2007, Conergics was the sole shareholder of Dearborn, a vendor of conveyor systems. On November 3, 2007, Conergics, TII and DMW, inter alia, entered into, and closed upon, a stock purchase agreement (the SPA) under which DMW agreed to purchase from Conergics 100% of the shares of Dearborn...

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