MADDALENA v. PANDOLFO


208 A.D.2d 907 (1994)

618 N.Y.S.2d 82

Anthony M. Maddalena, Respondent, v. Ann Marie E. Pandolfo et al., Appellants

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

October 31, 1994


Ordered that the order is affirmed insofar as appealed from, with costs.

The plaintiff-respondent Anthony Maddalena and the defendant-appellant's late husband, John Pandolfo, were each 50% shareholders in two New York corporations operating licensed pharmacies. Pursuant to written buy-and-sell agreements, the survivor was to purchase the interest of the deceased shareholder, using the proceeds of certain insurance policies designated in the agreements, to make an...

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