NEOS v. NEOS


262 A.D.2d 467 (1999)

692 N.Y.S.2d 133

LOUIS NEOS et al., Appellants, v. GUS NEOS et al., Respondents.

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

Decided June 14, 1999.


Ordered that the judgment is affirmed, with costs.

The parties worked in their father's business prior to his death. Approximately six months prior to his death, the father transferred his stock in the company to himself and his eldest son, the defendant Gus Neos, as joint tenants with right of survivorship. Thereafter, a purported shareholders' agreement was drawn up to the effect that although Gus Neos was to be the owner of the stock, all of the parties were to...

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