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TRIO ASBESTOS REMOVAL CORP. v. GABRIEL & SCIACCA CERTIFIED PUBLIC ACCOUNTANTS, LLP

2016-07997. Index No. 448/11.

164 A.D.3d 864 (2018)

82 N.Y.S.3d 127

2018 NY Slip Op 05887

Trio Asbestos Removal Corp., Appellant-Respondent, v. Gabriel & Sciacca Certified Public Accountants, LLP, Respondent-Appellant.

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

Decided August 22, 2018.

Ordered that the order is affirmed, without costs or disbursements.

The plaintiff, a closely held corporation (hereinafter the corporation), was held by three shareholders: Christopher Horan, Nicholas Marinelli, and Frank Forte. In 2002, Forte determined that he wanted to sell his shares and, pursuant to the shareholders agreement, offered them to the corporation. The shareholders agreement called for the shares to be valued by the accountants servicing the corporation...

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