OHLSEN v. MAHAR


282 A.D.2d 806 (2001)

722 N.Y.S.2d 431

JAMES C. OHLSEN et al., Respondents, v. PHILLIP J. MAHAR, Appellant, et al., Defendants.

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

Decided April 5, 2001.


Crew III, J. P.

In 1994, defendants John B. Garrett, Jr. and John B. Garrett, III sold John B. Garrett, Inc. (hereinafter the Company) to plaintiffs. Following the sale, plaintiffs discovered that the Company previously had incurred a $27,011.68 tax penalty for failing to file certain documents relative to the Company's pension and profit sharing plan, as the result of which the Internal Revenue Service had levied against the Company's funds. John B. Garrett, Jr....

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