MOORE v. IGPS CO. LLC

1536, 651907/11.

141 A.D.3d 407 (2016)

35 N.Y.S.3d 59

BOBBY L. MOORE, Appellant, v. IGPS COMPANY LLC et al., Respondents.

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

Decided July 5, 2016.


Under the operative agreements, plaintiff was entitled to retain his vested equity even if fired for cause. While there were limitations on the marketability of plaintiff's vested shares as of the cancellation date, those limitations were not complete; plaintiff may have been able to sell the shares at that time had he retained possession of them. Thus, the vested shares, which otherwise had considerable value, were not rendered valueless by the limitations on marketability...

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