Shifrin v. Forest City Enterprises, Inc.

Shifrin’s primary contention, contained in the first and second propositions of law, is that the court of appeals’ determination that the releases extinguished Shifrin’s claims is contrary to the intent of the parties. Specifically, Shifrin points to the testimony of Forest City’s president, Albert Ratner, that Shifrin was entitled not only to the agreed purchase price of $8.7 million, but also to a distributive share from the operation of the mall during the interim period, the amount of which could not be ascertained until after closing. Shifrin further notes Forest City’s post-closing…