Untangling The Matter Of Harlem River Yard Ventures
September 1, 2011, 1:10 PM EDT
Law360, New York (September 1, 2011, 1:10 PM EDT) -- A Manhattan judge recently awarded a dissenting shareholder over $2 million, plus another $1 million for attorneys' fees and expenses, in a battle of the experts featuring disputes over valuation methods, discounts and consideration of future tax benefits arising from the merger. Matter of Harlem River Yard Ventures Inc., Decision and Order, Index No. 602341/07 (Sup Ct NY County July 11, 2011).
In 1991, the New York State Department of Transportation as owner entered into a 99-year lease with Harlem River Yard Ventures Inc. to develop...