The court noted that . . . CAI stock was valued at less than $1 per share . . . . Consequently, Bogdan and Faist had nothing to gain even if the warrants had been issued under the retainer agreement.-
ALBANY – A major lobbying law firm’s attempt to force specific performance of a stock warrant deal has been rejected by an appellate court. The Appellate Division, Third Department, said the Albany firm formerly known as Bogdan and Faist PC – now Bogdan, Lasky & Kopley LLC – cannot obtain breach of contract damages on never issued but ultimately worthless stock warrants.
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