Friday, January 11, 2013

Motion to Reargue is Granted; Kings County Commercial Division Judge Dismisses Lawsuit Against Three Corporate Defendants and its Principal



YRSS defended three corporate defendants and their principal in an action which sought to rescind and enjoin the continued performance of a $2.6 million stock purchase agreement. The Court dismissed the complaint on re-argument of Peter  E. Sverd's motion to dismiss. Dismissal of the case early on in the litigation saved the client precious time and with minimum interruption of the transaction. 
See Liu v. Asian Supermarket Corp., et al. New York State Supreme Court, Index No.: 3710/2012

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