Court of Appeals of New York

In plaintiffs' suit against a corporation seeking to compel the repurchase of preferred stock, the Appellate Division's dismissal of the complaint is reversed where there is a reasonable basis to believe that plaintiffs may be able to establish that the fundamental change clause in the preferred stock agreement was activated.

Appellate Information

• Decided 10/25/2012
• Published 10/25/2012

Judges

• Graffeo

Court

• Court of Appeals of New York

Counsel