In re Penepent Corp.

Full Text of Court Cases
May 1, 2001
judicial dissolution
fair value, discount for lack of marketability (DLOM), shareholder agreement, election to purchase

In re Penepent Corp.
750 N.E.2d 47, 2001 N.Y. LEXIS 978
State Court
New York
Supreme Court


At issue is the fair value of sharelholder's stock in Penepent Corporation after death.

See Also

New York's Highest Court Addresses Election and Valuation Issues in Freeze-Out Case

In 1979, New York enacted legislation authorizing judicial dissolution proceedings by oppressed minority shareholders of closely held corporations.