Court Opinion

ID: 5834666
Source: CourtListenerOpinion
Date Created: 2022-01-12 22:35:01.781284+00
Date Added: 2024-06-11T08:43:33.930404
License: Public Domain

Suozzi, J. P.,
concurs in the dismissal of the appeal from the order and in the reversal of the judgment but otherwise dissents and votes to dismiss the complaint, with the following memorandum: While I agree that the judgment should be reversed, I disagree that a trial to ascértain the meaning of the contract is necessary. It is clear under the agreement that plaintiff is not entitled to share in tax refunds resulting from "carry-backs.” Under the agreement plaintiff is entitled to recover tax rebates applicable to the period that he was a shareholder. Plaintiff is seeking to share in a tax rebate which resulted from corporate losses sustained after he severed his relationship with the corporation. The rebate is, therefore, not truly applicable to the period during which plaintiff was a shareholder.