Moroze & Sherman v. Moroze

—Order, Supreme Court, New York County (Stuart Cohen, J.), entered November 28, 1994, which denied the parties’ cross-motions for summary judgment, unanimously affirmed, without costs.

In this action to determine the price at which plaintiff professional corporation is required to purchase or redeem the shares of its deceased 50% shareholder and founder pursuant to Business Corporation Law § 1510, the IAS Court properly found the existence of issues of fact as to whether plaintiff’s method of valuation at book value in accordance with the corporation’s regular method of accounting would…