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MATTER OF QUILL v. CATHEDRAL CORP.

241 A.D.2d 593 (1997)

659 N.Y.S.2d 919

In the Matter of Steven F. Quill et al., Respondents-Appellants, v. Cathedral Corporation, Formerly Columbia Corporation, Appellant-Respondent

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

July 3, 1997

Spain, J.

This proceeding was originally commenced by petitioners to determine the fair value of their stock; petitioners had dissented from a proposed sale of respondent's assets which comprised substantially all of its assets. In December 1993, following extensive discovery, pretrial motion practice and a non-jury trial, Supreme Court determined that the fair value of each share in respondent corporation was $900.25; cross notices of appeal challenging...

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