MATTER OF CAMHE-MARCILLE v. SALLY LOU FASHIONS CORP.


289 A.D.2d 162 (2001)

736 N.Y.S.2d 4

In the Matter of MONA CAMHE-MARCILLE et al., Appellants-Respondents, v. SALLY LOU FASHIONS CORP. et al., Respondents-Appellants.

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

Decided December 27, 2001.


The application was properly denied with regard to the valuation of the decedent's Class A stock, in view of the shareholders agreement, to which the decedent was a party, directing how share valuation would be determined upon a shareholder's death, and that such determination would be final and binding upon the parties. "[W]here the parties agree that the accountant's report would be final as to what the books showed, a party is entitled solely to an accountant's unchallenged...

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