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DeRIDDER v. OMNI ELECTRO-MOTIVE CO., INC.

530934.

195 A.D.3d 1102 (2021)

2021 NY Slip Op 03500

Claudia Jean Coseo DeRidder, Formerly Known as Claudia J. Coseo, Individually and as Shareholder of Omni Electro-Motive Co., Inc., Plaintiff, v. Omni Electro-Motive Co., Inc., Appellant, et al., Defendants, and Omni Turbine Parts, LLC, et al., Respondents.

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

Decided June 3, 2021.

Attorney(s) appearing for the Case

The Crossmore Law Office, Ithaca ( Andrew P. Melendez of counsel), for appellant.

Sharon M. Sulimowicz , Ithaca, for respondents.

Garry, P.J., Clark, Reynolds Fitzgerald and Colangelo, JJ., concur.

Defendant Omni Turbine Parts, LLC (hereinafter Omni Turbine) entered into an asset purchase agreement with defendant Omni Electro-Motive Co., Inc. (hereinafter OEM) and defendant John Franklin DeRidder, OEM's president, wherein Omni Turbine would acquire most of OEM's assets. As part of this transaction, Omni Turbine executed a promissory...

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