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KASSOVER v. PRISM VENTURE PARTNERS, LLC

3538, 3539.

2008 NY Slip Op 06349

RUTH KASSOVER, ETC., ET AL., Plaintiffs-Respondents-Appellants, v. PRISM VENTURE PARTNERS, LLC, ET AL., Defendants-Appellants-Respondents.

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

Decided July 22, 2008

Attorney(s) appearing for the Case

Kucker & Bruh, LLP, New York (Catherine A. Helwig of counsel), for appellants-respondents.

Friedman Kaplan Seiler & Adelman LLP, New York (Edward A. Friedman of counsel), for respondents-appellants.

Before: Lippman, P.J., Gonzalez, Moskowitz, Acosta, JJ.

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 (Lawrence), who was then owner of 5...

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