Narrative Opinion Summary
In a proceeding under Business Corporation Law § 623 regarding the fair market value of Slant/Fin Corporation's stock, the petitioner appealed an order and judgment from the Supreme Court of Nassau County, entered on December 6, 1995, which set the stock's fair value at $99 per share. The appellate court affirmed the order and judgment, including costs, concluding that the trial court's valuation fell within the range of evidence presented and therefore should not be disturbed. The decision was concurred by Justices Rosenblatt, Ritter, Copertino, and Krausman.
Legal Issues Addressed
Appellate Review of Trial Court's Valuationsubscribe to see similar legal issues
Application: The appellate court found no error in the trial court's determination of the fair market value of the corporation's stock, indicating that the valuation process was properly conducted.
Reasoning: The appellate court affirmed the order and judgment, including costs, concluding that the trial court's valuation fell within the range of evidence presented and therefore should not be disturbed.
Valuation of Shares under Business Corporation Law § 623subscribe to see similar legal issues
Application: The appellate court affirmed the trial court's valuation of the stock's fair market value, indicating that the valuation was within the range of evidence presented.
Reasoning: The appellate court affirmed the order and judgment, including costs, concluding that the trial court's valuation fell within the range of evidence presented and therefore should not be disturbed.