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GARFINKLE v. ARCATA NATIONAL CORPORATION

No. 72 Civ. 5344.

360 F.Supp. 1296 (1973)

Norton GARFINKLE, Individually, et al., Plaintiffs, v. ARCATA NATIONAL CORPORATION, Defendant.

United States District Court, S. D. New York.

June 18, 1973.

Attorney(s) appearing for the Case

Phillips, Nizer, Benjamin, Krim & Ballon, New York City, for plaintiffs.

Carter, Ledyard & Milburn, New York City, for defendant.

ROBERT L. CARTER, District Judge.

OPINION

Plaintiffs and defendant were parties to an agreement involving the sale to defendant of Brand Rating Index Computer, Inc. (Brand Rating), a New York corporation. Payment was in the form of unregistered shares of defendant Arcata National Corporation (Arcata). The agreement provided (a) that upon plaintiffs' written demand the defendant would cause the Arcata securities to be registered; and (b) that in the event...

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