Case Name: In the Matter of Selma K. Friedman et al., Respondents, v. Beway Realty Corp. et al., Appellants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1994-07-05
Citations: 206 A.D.2d 253
Docket Number: 
Parties: In the Matter of Selma K. Friedman et al., Respondents, v Beway Realty Corp. et al., Appellants.
Judges: 
Reporter: Appellate Division Reports
Volume: 206
Pages: 253–253

Head Matter:
In the Matter of Selma K. Friedman et al., Respondents, v Beway Realty Corp. et al., Appellants.
[614 NYS2d 133]

Opinion:
Order and judgment (one paper), Supreme Court, New York County (Stanley Parness, J.), entered December 16, 1993, unanimously affirmed for the reasons stated by Parness, J., with costs and disbursements. We would add that a "discount for lack of marketability accurately reflects the lesser value of shares that cannot be freely traded, whether they be a minority or a majority of the shares, and as such is [the] appropriate adjustment." (Matter of Raskin v Walter Karl, Inc., 129 AD2d 642, 644.) No opinion. Concur—Sullivan, J. P., Carro, Ellerin, Asch and Tom, JJ.