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Zelouf (Part One): Marketability Discount Rejected in Fair Value Proceeding
A year ago I wrote about a novel ruling by Manhattan Commercial Division Justice Shirley Werner Kornreich permitting the majority owners of a family-owned textile business to proceed with a freeze-out...
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Zelouf (Part Two): Fair Value Ruling Addresses Range of Issues
Last week’s post gave the factual and procedural background of the Zelouf case, summarized Justice Kornreich’s decision awarding the 25% dissenting minority shareholder $2.2 million for the fair value...
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