Sperry v. Brown

Appellate Division of the Supreme Court of New York

Sperry v. Brown

49 A.D.2d 864, 375 N.Y.S.2d 564, 1975 N.Y. App. Div. LEXIS 11049

Appellate Division of the Supreme Court of the State of New York·Decided October 28, 1975·Published

Opinion

Order, Supreme Court, New York County, entered July 7, 1975, which granted the motion of plaintiff, a stockholder of Avon Products, Inc., for renewal, reargument and rehearing, and directed defendants to submit to examination before trial, unanimously affirmed. Respondent shall recover of appellants $40 costs and disbursements of this appeal. The substantial sales of stock by certain of the corporate officers, the time of such sales and the corporate margin of profit during the third quarter of 1973, constitute sufficient special circumstances to provide a basis for inquiry, and to warrant the examinations allowed. Concur—Stevens, P. J., Markewich, Tilzer, Capozzoli and Lane, JJ.

Free access — add to your briefcase to read the full text and ask questions with AI

Order, Supreme Court, New York County, entered July 7, 1975, which granted the motion of plaintiff, a stockholder of Avon Products, Inc., for renewal, reargument and rehearing, and directed defendants to submit to examination before trial, unanimously affirmed. Respondent shall recover of appellants $40 costs and disbursements of this appeal. The substantial sales of stock by certain of the corporate officers, the time of such sales and the corporate margin of profit during the third quarter of 1973, constitute sufficient special circumstances to provide a basis for inquiry, and to warrant the examinations allowed. Concur—Stevens, P. J., Markewich, Tilzer, Capozzoli and Lane, JJ.

Sperry v. Brown, 49 A.D.2d 864, 375 N.Y.S.2d 564, 1975 N.Y. App. Div. LEXIS 11049 (N.Y. Ct. App. 1975).

Pincite

49 A.D.2d 864 (Sperry v. Brown) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.