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Contender to 50% Stock Interest Wins Decisive Round in Battle Over Nominee Agreement

By Peter A. Mahler on November 30, 2009

The fascinating case of Yemini v. Goldberg, involving the enforceability of a Nominee Agreement between two 50% shareholders, makes its second appearance in this week’s New York Business Divorce on the occasion of a new decision in the case by Justice Stephen Bucaria.
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Nominee Agreement Trumps Corporation Records in Fight Over Stock Ownership

By Peter A. Mahler on April 13, 2009

Posted in Standing

This week’s New York Business Divorce features a recent decision by the Appellate Division, Second Department, reversing the denial of a preliminary injunction centering on the enforceability of a written Nominee Agreement which acknowledged Party A as the “true owner” of a 50% stock interest in the corporation and appointed as his nominee Party B who otherwise was reflected as 100% owner in all of the corporation’s records and tax filings.
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