A Manhattan Commercial Division judge has awarded damages and attorney fees—plus a 25 percent share of a company valued at nearly $9 million—to a minority shareholder who was squeezed out of a family-run textile business.
Justice Shirley Kornreich’s (See Profile) Oct. 6 ruling in Zelouf International Corp. v. Nahal Zelouf, 653652/2013, chronicled an acrimonious family dispute that fanned out across three separate cases and forced the disclosure of certain financial activity under what the court said was “the threat of judicial scrutiny.”