Court Reverses Order to Dismiss Fraud Case

Business Valuation UpdateVol. 3 No. 8
Legal and Court Case Update
August 1997
5047 Medical, Dental, and Hospital Equipment and Supplies
446199 All Other Health and Personal Care Stores
fraud, shareholder agreement, fairness opinion

Bernstein v. Kelso
231 A.D.2d 314, 659 N.Y.S.2d 276, 1997 N.Y. App. Div. LEXIS 7053
July 1, 1997
State Court
New York
Supreme Court


At issue is whether the lower court properly dismissed a complaint on the basis of failure to state a cause of action.

See Also

Bernstein v. Kelso

At issue is whether the management employees of a corporation scheming with a potential buyer to sell the corporation at the lowest possible price the principal and other shareholders would accept.