Summary
In Steinbugler v. Atwater Co. (289 N.Y. 816, supra), when the "book value" was computed, it was found that stocks (in other corporations) owned by defendant Atwater were on the Atwater books at cost, which was concededly much higher than actual value.
Summary of this case from Aron v. GillmanOpinion
Argued October 28, 1942
Decided January 14, 1943
Appeal from the Supreme Court, Appellate Division, Second Department, BRENNAN, J.
Joseph M. Proskauer, Frederick E. Crane, Eugene Eisenmann and Henry S. Miller for appellant.
Joseph S. Robinson, John W. Davis and John P. McGrath for respondent.
Judgment affirmed, with costs; no opinion.
Concur: LEHMAN, Ch. J., LOUGHRAN, FINCH, RIPPEY, LEWIS, CONWAY and DESMOND, JJ.