New York Court of Appeals
Marvin M. Reiss, Appellants v. Financial Performance Corporation, Respondent
December 18, 200197 N.Y.2d 195
Summary
The Court held that the stock warrants issued to Rebot and Reiss are enforceable according to their plain terms and do not require adjustment for the corporation's one‑for‑five reverse stock split, and it remanded the case for further proceedings on the reinstated declaratory‑judgment claim while leaving the reformation claim dismissed.