This week’s New York Business Divorce serves up a trio of dysfunctional buy-sell agreements for valuation junkies, featuring recent decisions in cases from New York, Pennsylvania, and Alabama,
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Certificate of Value
Missing Certificate of Value Spawns Decade-Long Lawsuit Over Buy-Sell Agreement

Whatever doubts you may have had about the perils of using fixed-pricing in shareholder buy-sell agreements likely will be dispelled when you read this week’s New York Business Divorce highlighting a recent decision by the Appellate Division, Fourth Department, in Sullivan v. Troser Management, Inc.
Continue Reading Missing Certificate of Value Spawns Decade-Long Lawsuit Over Buy-Sell Agreement
An Ill-Fated Solution to an Ill-Fated Buy-Sell Agreement

An appellate ruling last month in DeMatteo v. DeMatteo Salvage Co. brings to a close the cautionary tale of an 8-year court battle among members of a family-owned business over the enforcement of a poorly designed buy-sell agreement. It’s in this week’s New York Business Divorce.
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Continue Reading An Ill-Fated Solution to an Ill-Fated Buy-Sell Agreement
The Stakes Just Went Up for Failing to Update Certificate of Value

Many shareholder and operating agreements provide redemption rights at a price stated in an appended certificate of value which is supposed to be updated periodically but often is not. A recent decision by Justice Stephen A. Bucaria addresses potential liability when the certificate of value is not timely updated. Learn more in this week’s New York Business Divorce.
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Continue Reading The Stakes Just Went Up for Failing to Update Certificate of Value