Greek Peak, Inc. v. Armstrong

OPINION OF THE COURT

Casey, J.

Petitioner, a corporation engaged in the operation of a commercial ski area and land development business, commenced these proceedings pursuant to Business Corporation Law § 623 (h) to fix the fair market value of its common stock as of October 15, 1981. Respondents are dissenting shareholders to a merger between petitioner and another corporation. After a nonjury trial, Supreme Court, by decision dated May 22, 1995, determined that the fair value of petitioner’s shares of stock was $1.10 per share and respondents were entitled to interest from October 16, 1981 at…