OA HOLDING CO., LLC v. WELD N. VENTURES LLC

9794. 652169/16.

174 A.D.3d 414 (2019)

105 N.Y.S.3d 420

2019 NY Slip Op 05333

OA Holding Company, LLC, Appellant, v. Weld North Ventures LLC, Respondent.

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

Decided July 2, 2019.


Plaintiff brings suit for breach of a Unit Purchase Agreement (UPA), pursuant to which it purchased 100% of the membership interests in nonparty Organic Avenue, LLC (Organic) from defendant and others. Plaintiff alleges that defendant breached its warranty that "neither [Organic] nor any of its subsidiaries has any obligation (contingent or otherwise) to purchase, redeem or otherwise acquire any equity securities or any interest therein."

This claim was properly dismissed...

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