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SPORTS & EXPO. AUTH. v. DEL TUFO

230 N.J. Super. 616 (1989)

554 A.2d 878

NEW JERSEY SPORTS AND EXPOSITION AUTHORITY, A PUBLIC BODY, CORPORATE AND POLITIC, SUCCESSOR TO MONMOUTH PARK JOCKEY CLUB, A NEW JERSEY CORPORATION, PLAINTIFF-RESPONDENT, CROSS-APPELLANT, v. DANIEL J. DEL TUFO AND CAROL DEL TUFO, DEFENDANTS-APPELLANTS, CROSS-RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Decided February 22, 1989.

Attorney(s) appearing for the Case

Louis B. Youmans argued the cause for appellants, cross-respondents.

Nicholas W. McClear argued the cause for respondent, cross-appellant (Wilentz, Goldman & Spitzer, attorneys; Kathleen Cavanaugh and Nicholas W. McClear, on the brief).

Before Judges PRESSLER, O'BRIEN and STERN.

PER CURIAM.

Plaintiff New Jersey Sports and Exposition Authority, a public body, is the successor by merger to a former privately held, publicly traded corporation, Monmouth Park Jockey Club (Monmouth Park), which owned and operated a race track in Oceanport, New Jersey. It brought this action pursuant to N.J.S.A. 14A:11-1 et seq. for an evaluation of the fair value of the shares of the two dissenting...

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