Lambert v. Fishermen's Dock Cooperative, Inc.

The opinion of the Court was delivered by

Mountain, J.

In this action plaintiff sought a recovery of the value of his stock or membership interest in the defendant cooperative as well as an accounting for patronage dividends to which he claimed to be entitled. The trial judge, sitting without a jury, fixed the value of his stock interest at $15,092.10 and his claim for patronage dividends in the amount of $3,406.76 for a total judgment of $18,498.86. On defendant’s appeal to the Appellate Division, that court reduced the value of the stock interest to $125 and the dividend claim to $2,309.04.…