LEVEY v. SAPHIER


83 Misc.2d 146 (1975)

Charles H. Levey et al., Plaintiffs, v. Peter Saphier et al., Defendants.

Supreme Court, Special Term, Nassau County.

June 26, 1975


Attorney(s) appearing for the Case

Kronish, Lieb, Shainswit, Weiner & Hellman for plaintiffs. Botein, Hays, Sklar & Herzberg for Peter Saphier, defendant. Sherman & Citron for Sidney Kaplan, defendant.


BERTRAM HARNETT, J.

The falling out of partners and costockholders in closely held business enterprises can have the bitter personal elements of matrimonial litigation. When it is finally agreed that one shall leave the business, and the other shall stay, we have a form of corporate divorce where the termination arrangements often take on the aura of property settlements. So it is here, with the principals of...

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