New York Dissenter Case Rejects Discount for Minority and Accepts Unmarketability Discount

Business Valuation UpdateVol. 2 No. 1
Legal and Court Case Update
January 1996
6512 Operators of Nonresidential Buildings
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)
dissenting shareholder
fair value, minority interest

Friedman v. Beway Realty
87 N.Y.2d 161
December 7, 1995
US
State Court
New York
Supreme Court
Kenneth McGraw (for respondent)
Levine

Summary

The companies owned commercial income-producing properties.

See Also

Friedman v. Beway Realty

At issue is the valuation of petitioner's shares in nine family-owned close corporations pursuant to a transfer of all of the property into a newly formed partnership.