MATTER OF F.P.D. REALTY CORP.


267 A.D.2d 111 (1999)

700 N.Y.S.2d 146

In the Matter of the Judicial Dissolution of F.P.D. REALTY CORP. In the Matter of the Judicial Dissolution of TRU-WAY PRIVATE TAXI CORP. LOUIS PERROTTA, Individually and as Shareholder of TRU-WAY PRIVATE TAXI CORP., Respondent, v. TRU-WAY PRIVATE TAXI CORP. et al., Appellants.

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

Decided December 16, 1999.


Defendants-appellants challenge the JHO's findings, confirmed by Supreme Court, that plaintiff-petitioner was a one-third shareholder of FPD, that the value of FPD was $510,000 and that plaintiff was entitled to interest from the date of his discharge. They maintain, moreover, that once the court approved the withdrawal of their Business Corporation Law § 1118 buy-out option, the proper remedy was judicial dissolution and an equal distribution of proceeds, without regard...

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