Adelstein v. Finest Food Distributing Co., New York, Inc.

In a proceeding pursuant to Business Corporation Law § 1104-a for the judicial dissolution of a closely held corporation, where there has been an election to purchase the shares owned by the petitioner pursuant to Business Corporation Law § 1118, Finest Food Distributing Co., N.Y., Inc., appeals from a judgment of the Supreme Court, Queens County (Kitzes, J.), entered January 20, 2012, which, upon a decision of the same court, dated November 3, 2011, made after a hearing, is in favor of the petitioner and against it in the principal sum of $1,287,000, and the petitioner cross appeals, on the…