KASSOVER v. PRISM VENTURE PARTNERS, LLC

602434/05. 5258. 5257.

156 A.D.3d 541 (2017)

67 N.Y.S.3d 610

2017 NY Slip Op 08888

RUTH KASSOVER et al., Appellants, v. PRISM VENTURE PARTNERS, LLC, et al., Defendants, and RICHARD SABELLA, Respondent.

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

Decided December 21, 2017.


Plaintiffs claim that defendants violated Business Corporation Law § 501 (c) by giving them less consideration for their shares in connection with the merger of Prism Venture Partners and Garden City Company than other shareholders received.

Defendants established prima facie that plaintiffs were not entitled to the same compensation as other shareholders, because they declined to sign the letter agreement or assignment agreement that other shareholders signed...

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