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MATTER OF MANHATTAN MARINE & ELEC. CO., INC. v. HEWITT

72 A.D.2d 682 (1979)

In the Matter of Manhattan Marine & Electric Co., Inc., Respondent, v. Richard Hewitt et al., Appellants In the Matter of Consortium Realty Corp., Respondent, v. Richard Hewitt et al., Appellants In the Matter of Consortium Realty Corp., Respondent, v. Richard Hewitt et al., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

November 1, 1979

In our opinion, sufficient was shown, despite the summary nature of a special proceeding under section 623 (subds [h], [i]) of the Business Corporation Law, to warrant the grant of disclosure (CPLR 408) of information concerning the financial condition of the corporations prior to the hearing to be held by the appraiser as to the value of the dissenting stockholders' shares of common stock, and we modify accordingly. (See Matter...

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