Ordered that the decree is modified, on the law and the facts, by deleting the provision thereof imposing a constructive trust upon the subject life insurance policy; as so modified, the decree is affirmed insofar as appealed from, without costs or disbursements.
Until October 1997, the decedent Stephen Roberts, the appellant Nathan Borg, and nonparty Karim Abed were shareholders of Charlene Fabrics Group, Ltd. (hereinafter CFG), a closely-held corporation. The three...
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