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16 Jan 2017, 4:30 am by Peter Mahler
The respondent partners can be expected to argue that the lower courts properly valued the appellant’s interest under a fair market value standard including its application of discounts and a goodwill reduction, and that the statutory “fair value” standard applied in Friedman v Beway is inapplicable to the naked term “value” used in Partnership Law § 69. [read post]