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

Business Valuation Update BVLaw
Legal and Court Case Update
May 1, 2001

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (964 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
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
US
State Court
New York
Supreme Court
Rosenblatt

Summary

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

See Also

In re Penepent Corp.

Full Text of Court Cases
May 1, 2001

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