MARIE LUSINS v. COHEN


49 A.D.3d 1015 (2008)

853 N.Y.S.2d 685

ANNA MARIE LUSINS, as Administrator of the Estate of JOHN O. LUSINS, Deceased, Appellant, v. STEPHEN H. COHEN et al., Respondents.

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

Decided March 13, 2008.


Malone Jr., J.

At the time of his death in April 2001, decedent, a physician, owned a number of medical business entities (hereinafter referred to as the entities) together with another physician, defendant James McChesney. Decedent and McChesney had previously entered into an insurance escrow agreement which provided that, in the event that one of them died, the other would be entitled to purchase the deceased partner's share of the entities at a price of not less...

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