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MTR. OF DYNAMICS CORP. v. ABRAHAM & CO.

5 Misc.2d 652 (1956)

In the Matter of Dynamics Corporation of America, Petitioner, v. Abraham & Co. et al., Respondents. In the Matter of the Petitions of Louis E. Marron et al., for a Determination of the Value of their Stock in Reeves-Ely Laboratories, Inc. In the Matter of the Application of Al Lippe et al., to Appraise the Value of their Stock in Reeves-Ely Laboratories, Inc.

Supreme Court, Special Term, New York County.

December 19, 1956.

Attorney(s) appearing for the Case

John J. O'Connell for petitioner.

Percival E. Jackson and Nathan B. Kogan for respondents.

MORRIS EDER, J.

The corporation and the objecting stockholders in this stock appraisal proceeding move to modify the appraiser's finding of a value of $19 per share of common stock, the former contending for a value of $15 and the latter for $32.

After a review of the voluminous testimony and exhibits presented by the respective parties the court has concluded that the value determined by the appraiser...

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