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KASSOVER v. PRISM VENTURE PARTNERS, LLC

53 A.D.3d 444 (2008)

862 N.Y.S.2d 493

RUTH KASSOVER, as Coexecutor of NATHAN KASSOVER, Deceased, et al., Respondents-Appellants, v. PRISM VENTURE PARTNERS, LLC, et al., Appellants-Respondents.

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

Decided July 22, 2008.

Background

This case is part of a decades-long dispute among members of the Kassover family that has engendered seemingly endless litigation in this and many other courts, both state and federal. This particular litigation involves a merger between the Garden City Company (GCC), a closely-held real estate company of the Kassover family, and Prism Venture Partners (Prism or buyer).

In May 1998, Lawrence Kassover...

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