On May 17, 1968 petitioner Glekel and respondent Gluck entered into an agreement for the purchase and sale of 90,000 shares of common stock of A. S. Beck Shoe Corporation at $35 a share. Glekel was the purchaser and Gluck the seller. Gluck retained a substantial number of shares. The agreement provided that while he held not less than 40,000 shares, both parties would vote their shares together for...
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