A 2-against-1 battle between sibling co-owners of a third-generation family business leads to an interesting decision by Justice Duane Hart concerning a disputed stock buyback, highlighted in this week’s New York Business Divorce.
Continue Reading Court Rejects Majority’s Gambit to Compel Buyback of Shares in Family-Owned Business
Stock Buyback
Appellate Court Rejects Mandatory Stock Buyback Triggered by Dissolution Petition
By Peter A. Mahler on
This week’s New York Business Divorce revisits an important topic, involving mandatory stock buybacks triggered by the filing of a dissolution petition, prompted by a recent decision by an upstate appellate court in Matter of Stevens (Allied Builders, Inc.).
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Continue Reading Appellate Court Rejects Mandatory Stock Buyback Triggered by Dissolution Petition