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Judge Rules Businessman Must Pay Ex-Partner for Stock.

The Buffalo News (Buffalo, NY)

| April 27, 2001 | COPYRIGHT 2007 The Buffalo News. (Hide copyright information)Copyright

Byline: Fred O. Williams

Apr. 27--William P. Brosnahan, former owner of Colad Group in Buffalo, must pay his ex-partner $1.2 million for Colad stock he acquired in 1989, a state supreme court judge has ruled after a 10-year lawsuit.

The partner, Daniel H. Williams III, may seek ownership of Colad itself in the wake of the judgment, his attorney, Douglas Coppola, said.

But Brosnahan's lawyer said he will appeal the decision, and that any attempt to seize ownership of Colad is without court sanction.

"He (Coppola) can try to do whatever he wants to do," said James D. Gauthier, Brosnahan's lawyer. "Fortunately, he is not the judge and jury." …

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