New York Court of Appeals
In the Matter of the Dissolution of Seagroatt Floral Company, Inc., Appellant. James H. Riccardi…
November 19, 199178 N.Y.2d 439
Summary
The Court affirmed that lack of marketability was properly considered in the valuation of the minority shares and reversed the imposition of joint and several liability on the two corporations, remanding for further proceedings consistent with the modified order.