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)
shareholder dissent/oppression
fair value, minority interest

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


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.