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  5. 241 A.D.2d 618 (1997)
 

MATTER OF SCHONWIT

241 A.D.2d 618 (1997)

659 N.Y.S.2d 345

In the Matter of the Claim of Lloyd T. Schonwit, Appellant. John E. Sweeney, as Commissioner of Labor, Respondent

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

July 3, 1997

Claimant, employed by an insurance agency in which he owned a 25% interest, resigned his position as part of a plan, formulated with another 25% shareholder, to force out the remaining 50% shareholder in order to gain control of the business. Claimant's subsequent application for unemployment insurance benefits was denied on the ground that he left his employment without good cause.

A claimant who has sold his interest...

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