(Download) "Cpc International Inc. v. Mckesson Corporation Et Al." by Court of Appeals of New York # eBook PDF Kindle ePub Free
eBook details
- Title: Cpc International Inc. v. Mckesson Corporation Et Al.
- Author : Court of Appeals of New York
- Release Date : January 15, 1987
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 77 KB
Description
[70 N.Y.2d 268 Page 273] Opinion OF THE COURT This action arises from defendant McKesson's sale of the stock of its wholly owned subsidiary, C.F. Mueller Corporation, a leading producer of pasta, to plaintiff CPC International. Plaintiff has sued McKesson Corporation,1 Morgan Stanley, McKesson's investment advisor, and individual defendants Blattman, Merrick and Brounstein, former Mueller and McKesson employees, on a complaint containing causes of action for damages based on breach of warranty, violations of the Martin Act (General Business Law § 352-c), violations of section 17 (a) of the Securities Act of 1933 (15 USC § 77q), and common-law fraud. Supreme Court granted defendants' motion to dismiss the cause of action based on section 17 (a) of the Securities Act and granted the motions of Morgan Stanley and the individual defendants to dismiss the common-law fraud action as to them. It denied defendants' motion to dismiss the Martin Act claim and denied the motions of Blattman and Merrick, residents< of California and Connecticut, respectively, to dismiss the complaint against them upon the ground that the court lacked personal jurisdiction.