Estate of Cohen v. Booth Computers

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July 13, 2011

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buy/sell agreement
Estate of Cohen v. Booth Computers
2011 WL 2694288 (N.J. Super)
US
State Court
New Jersey
Court of Special Appeals
Dennis Kremer (plaintiff); Sam Rosenfarb (defendant)
Carchman

Summary

Appellate court rules that a buy-sell provision at book value is not unconscionable and confirms buy-out of deceased partner, despite leaving remaining partner with a fair market value nearly 60 times greater than buy-out price.
Estate of Cohen v. Booth Computers
PDF, Size: 82 KB

See Also

Is a Buy-Sell at Book Value Unconscionable, When FMV Is 60x Greater?

Legal and Court Case Update
September 2011

Appellate court rules that a buy-sell provision at book value is not unconscionable and confirms buyout of deceased partner, despite leaving remaining partner with a fair market value nearly 60 times greater than buyout price.