Opinion
2003-00731.
Decided March 22, 2004.
In a proceeding pursuant to Business Corporation Law article 11 for judicial dissolution of four corporations, the appeal is from an order of the Supreme Court, Queens County (Kitzes, J.), dated September 23, 2002, which granted the petitioners' motion for leave to discontinue the proceeding and denied the cross motion of Astoria Sports Complex, Inc., Astoria Indoor Batting Range Co., Inc., Astoria Ice, Inc., and Steinway Indoor Paddleball Center, Inc., to stay the proceeding pending judicial determination of the fair value of the corporate shares.
Rosenberg Fortuna, LLP, Garden City, N.Y. (David I. Rosenberg, Marc H. Schneider, and Arthur S. Laitman of counsel), for appellants.
Cocca Pepe, LLP, New York, N.Y. (Matthew C. Cocca of counsel), for respondents.
Before: A. GAIL PRUDENTI, P.J., MYRIAM J. ALTMAN, DANIEL F. LUCIANO, THOMAS A. ADAMS, JJ.
DECISION ORDER
ORDERED that the order is affirmed, with costs.
Under the circumstances of this case, the Supreme Court properly exercised its discretion in granting the motion for leave to discontinue the proceeding ( see CPLR 3217[b]; Business Corporation Law § 1116; Mathias v. Daily News, 301 A.D.2d 503; compare Matter of Hung Yuk Ong, 299 A.D.2d 173; Matter of Musilli, 134 A.D.2d 15).
The appellants' remaining contentions are without merit.
PRUDENTI, P.J., ALTMAN, LUCIANO and ADAMS, JJ., concur.