From Casetext: Smarter Legal Research

Sweetser v. Sweetser

Appellate Division of the Supreme Court of New York, Second Department
Nov 14, 1988
144 A.D.2d 450 (N.Y. App. Div. 1988)

Opinion

November 14, 1988

Appeal from the Supreme Court, Suffolk County (Abrams, J.).


Ordered that the judgment is affirmed insofar as appealed from, with costs.

The defendant is the majority shareholder in a corporation that was owned by his former father-in-law. The trial court found that the corporation was worth between $1,400,000 and $1,500,000 and granted the plaintiff a distributive award of $250,000. The defendant notes that the corporation still owes his former father-in-law $800,000 for his shares, and contends that the trial court did not determine the net value of his shares before making the award.

It is apparent from the decision dated September 12, 1986, that the Supreme Court considered the net value of the closely held corporation before making its distributive award (see, D'Amato v. D'Amato, 96 A.D.2d 849, 850). Under the circumstances, the sum awarded the plaintiff, which was less than half the computed value of the defendant's shares, was proper.

The defendant's motion to supplement his appendix and brief was previously granted by this court by order dated April 6, 1988. Kunzeman, J.P., Weinstein, Rubin and Kooper, JJ., concur.


Summaries of

Sweetser v. Sweetser

Appellate Division of the Supreme Court of New York, Second Department
Nov 14, 1988
144 A.D.2d 450 (N.Y. App. Div. 1988)
Case details for

Sweetser v. Sweetser

Case Details

Full title:BONNIE SWEETSER, Respondent, v. RICHARD A. SWEETSER, Appellant

Court:Appellate Division of the Supreme Court of New York, Second Department

Date published: Nov 14, 1988

Citations

144 A.D.2d 450 (N.Y. App. Div. 1988)