Skolnick v. Goldberg

OPINION OF THE COURT

Central to this dispute is the propriety of the sale of business interests, purportedly valued at some $50,000,000, for the nominal sum of $2,000,000. It is alleged by the estate of Nathaniel Colby that appellant Allen Skolnick abused his personal relationship with decedent, taking advantage of Colby’s diminished mental capacity to obtain his signature on a 1990 purchase agreement, by which appellant acquired more than one half of Colby’s interest in the various entities comprising the Solgar vitamin enterprise. Counsel for the administrator of the estate informs the Court…