In 1995, the New York Court of Appeals issued its decision in McSparron v. McSparron, 87 NYS2d 275 (1995), thereby abolishing the merger doctrine with respect to the valuation of professional licenses.
Grunfeld v. Grunfeld Revisited
While New York courts have struggled in recent years to apply the principles set forth in <i>McSparron</i> and <i>Grunfeld</i> regarding the merger doctrine with respect to the valuation of professional licenses, the recent Court of Appeals decision in <i>Keane v. Keane</i>, 8 NY3d 115 (2006) may serve to complicate matters even further.
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