Friedman v. Beway Realty Corp.

Appellate Division of the Supreme Court of New York

Friedman v. Beway Realty Corp.

206 A.D.2d 253, 614 N.Y.S.2d 133

Appellate Division of the Supreme Court of the State of New York·Decided July 5, 1994·Published

Opinion

Order and judgment (one paper), Supreme Court, New York County (Stanley Parness, J.), entered December 16, 1993, unanimously affirmed for the reasons stated by Parness, J., with costs and disbursements. We would add that a "discount for lack of marketability accurately reflects the lesser value of shares that cannot be freely traded, whether they be a minority or a majority of the shares, and as such is [the] appropriate adjustment.” (Matter of Raskin v Walter Karl, Inc., 129 AD2d 642, 644.) No opinion. Concur—Sullivan, J. P., Carro, Ellerin, Asch and Tom, JJ.

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Order and judgment (one paper), Supreme Court, New York County (Stanley Parness, J.), entered December 16, 1993, unanimously affirmed for the reasons stated by Parness, J., with costs and disbursements. We would add that a "discount for lack of marketability accurately reflects the lesser value of shares that cannot be freely traded, whether they be a minority or a majority of the shares, and as such is [the] appropriate adjustment.” (Matter of Raskin v Walter Karl, Inc., 129 AD2d 642, 644.) No opinion. Concur—Sullivan, J. P., Carro, Ellerin, Asch and Tom, JJ.

Friedman v. Beway Realty Corp., 206 A.D.2d 253, 614 N.Y.S.2d 133 (N.Y. Ct. App. 1994).

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Opinion

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