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Corporate — Stock Agreement – Breach of Contract – Constructive Fraud – Accounting Practices (access required)

Plaintiff, who was in poor health and dire financial straits, signed a stock redemption agreement (Redemption Agreement) even though he disagreed with the agreement’s valuation of the defendant-corporation’s stock. However, nothing in the Redemption Agreement or in plaintiff’s complaint indicates that the parties meant for the Redemption Agreement to be substituted for their earlier “Stock ...

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