NY Appeals Court Tosses Claims In Arizona Iced Tea Feud

Law360, New York (July 06, 2012, 9:02 PM ET) -- A New York state appeals court on Thursday tossed key claims in a $287 million suit involving the feuding co-founders of Arizona Iced Tea, finding that a state supreme court judge erred in refusing to dismiss breach of contract claims against co-founder John Ferolito in a dispute stemming from his efforts to sell his stake in the company. 

The two founders of the company — Domenick Vultaggio and Ferolito — have been at odds over the fate of Arizona's parent company, Beverage Marketing USA Inc., since...
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