Sasseen v. Danco Industries, Inc.

In a proceeding by minority stockholders of the respondent corporation, who have objected to the sale of its principal assets, for a determination of the value of their shares of stock and for a judgment in accordance with such value, pursuant to statute (Stock Corporation Law, § 21), petitioners appeal from an order of the Supreme Court, Kings County, dated May 7, 1963, which dismissed their petition. Order reversed on the law and the facts, with $10 costs and disbursements; and proceeding remitted to the Special Term for the making of an appropriate order which shall be consistent with the…