New York Supreme Court December 20, 1995 (Sarkin v. Nates Auto Parts, Inc.)

OPINION OF THE COURT

David Demarest, J.

This case finds its genesis in a highly leveraged buyout during the mid-1980’s wherein plaintiffs sold the family business, defendant Nates Auto Parts, Inc. (Nates), to Mr. Vowles (Vowles) and Mr. Scheidel (Scheidel) for approximately $1.5 *914million and some additional consideration.