Giaimo v. Vitale

*524Valuation of closely held corporations is not an exact science, and it is the “particular facts and circumstances” of each case that will dictate the result (Matter of Friedman v Beway Realty Corp., 87 NY2d 161, 167 [1995]).

Here, the motion court correctly held that the method of valuing a closely held corporation should include any risk associated with the illiquidity of the shares (see Matter of Seagroatt Floral Co. [Riccardi], 78 NY2d 439, 445-446 [1991]). It also properly rejected petitioner’s contention that this Court’s decision in Vick v Albert (47 AD3d 482 [1st Dept 2008], lv denied…