Right to use of trade name does not include goodwill

Business Valuation UpdateVol. 9 No. 6
Legal and Court Case Update
June 2003
3911 Jewelry, Precious Metal
339910 Jewelry and Silverware Manufacturing

In re Leslie & Penny
757 N.Y.S.2d 302, 2003 N.Y. App. Div. LEXIS 2296
March 10, 2003
US
State Court
New York
Supreme Court
Bruce Bingham, ASA (for Siskins)
Goldstein

Summary

The Appellate Division of the Supreme Court upheld the lower court's ruling that a clause in the shareholder agreement giving certain shareholders the exclusive right to continued use of a trade name did not explicitly give them the right to the value of the corporation's goodwill associated with the trade name ...

See Also

In re Leslie & Penny

In a proceeding pursuant to Business Corporation Law § 1104-a for the judicial dissolution of a closely-held corporation, Jay Siskin and Penny Siskin appeal from an order of the Supreme Court, Nassau County (Austin, J.), dated July 3, 2002, which determined that the corporate trade name "Penny Preville" was a corporate asset and that its value was subject to distribution in dissolution.