Legal Opinion

In re the Dissolution of Ashford Management Group, Inc.

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

Decided May 7, 1999PublishedCited by 6 opinions

1Opinion of the Court

—Judgment unanimously affirmed without costs. Memorandum: Petitioner, the owner of a 371/2% interest in respondent corporation, commenced this dissolution proceeding pursuant to Business Corporation Law § 1104-a (a) (1). The remaining shareholders elected to purchase his interest in the corporation pursuant to Business Corporation Law § 1118, and a trial was held to determine the fair value of the minority interest (see, Matter of Seagroatt Floral Co., 78 NY2d 439, 444). At the conclusion of the trial, Supreme Court rejected the valuation of petitioner’s expert as based upon an erroneous…

2Cases cited2 opinions

  1. Matter of Seagroatt Floral Co. Inc.(riccardi)New York Court of Appeals · 1991
  2. In re the Dissolution of North Star Electrical Contracting—N.Y.C. Corp.Appellate Division of the Supreme Court of the State of New York · 1991

3Cited by6 opinions

  1. Bernstein v. BernsteinAppellate Division of the Supreme Court of the State of New York · 2005
  2. RJE CORP. v. Northville Industries Corp.District Court, E.D. New York · 2002
  3. In re the Judicial Dissolution of Cortland MHP Associates, Inc.Appellate Division of the Supreme Court of the State of New York · 1999
  4. Daddino v. DaddinoAppellate Division of the Supreme Court of the State of New York · 2007
  5. In re CarterAppellate Division of the Supreme Court of the State of New York · 2003

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