Legal Opinion

Trio Asbestos Removal Corp. v. Marinelli

Appellate Division of the Supreme Court of the State of New York

Decided December 15, 2009PublishedCited by 1 opinion

1Opinion of the Court

*1009The Supreme Court properly denied the petitioner’s cross motion, inter alia, to confirm a valuation of the respondent’s shares provided by the petitioner’s accountants, inasmuch as that valuation was not the independent work of the “accountants servicing the [petitioner] Corporation,” as required by section 3.4 (d) of the shareholders agreement (see Matter of Trio Asbestos Removal Corp. v Marinelli, 37 AD3d 475, 477 [2007]). Moreover, the Supreme Court properly dismissed the proceeding on the ground that the petitioner breached the subject shareholders’ agreement by repeatedly failing to…

2Cases cited1 opinion

  1. Trio Asbestos Removal Corp. v. MarinelliAppellate Division of the Supreme Court of the State of New York · 2007

3Cited by1 opinion

  1. Trio Asbestos Removal Corp. v. Gabriel & Sciacca Certified Pub. Accountants, LLPAppellate Division of the Supreme Court of the State of New York · 2018

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