Search for: "Demarest v. Price" Results 1 - 12 of 12
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29 Nov 2014, 5:25 am by Peter Mahler
Demarest cited it as precedent for her ruling in Novikov v Oceana Holdings Corp., 2014 NY Slip Op 24332 [Sup Ct, Kings County Nov. 3, 2014], granting a close corporation minority shareholder’s petition to inspect an array of financial and corporate records to investigate possible wrongdoing by the controlling shareholders. [read post]
1 Aug 2011, 3:00 am by Peter A. Mahler
  Instead, Justice Demarest ruled, "the appropriate equitable remedy here is the voidance of the price and an award of money damages based upon an assessment of the value of plaintiff's shares" as of the date of the agreement to sell Ma's shares. [read post]
14 Jul 2014, 3:20 am by Peter Mahler
Under Section 4(a), the purchase price is fair market value as a going concern, to be determined by an independent evaluator. [read post]
14 Mar 2016, 3:39 am by Peter Mahler
The case is called Verghetta v Lawlor, and you can read here Justice Scheinkman’s 33-page post-trial decision dated March 9, 2016, the opening paragraph of which aptly sets the stage for the fair-value drama that follows, starring dueling appraisals over two thousand percent apart: This Court is called upon to determine the value of two corporate entities for purposes of permitting the buy-out of a minority shareholder. [read post]