NY Court Nixes Arizona Tea Co-Founder Bid To Block Buyout

Law360, New York (July 24, 2012, 5:28 PM EDT) -- A New York appeals court panel affirmed the dismissal of Arizona Iced Tea co-founder John M. Ferolito's bid to block his co-founder from buying him out of the beverage company's parent in a contract feud over Ferolito's attempt to sell off his stake.

The dispute over the parent company is part of a complex, protracted litigation battle between Ferolito and Domenick J. Vultaggio, who co-founded the popular iced tea brand in 1992. The parties filed a series of claims and counterclaims against each other after Ferolito...
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