
    J. Richard Cohen et al., Appellants, v Paul LeNoble et al., Respondents, et al., Defendant.
    [854 NYS2d 715]
   Order, Supreme Court, New York County (Helen E. Freedman, J.), entered October 29, 2007, which denied plaintiffs’ motion for a preliminary injunction against defendants Paul and Gail LeNoble transferring their shares of Cole Realty Corp. to defendants Clarett Group LLC or Daniel Hollander or any other person or entity ineligible to be a shareholder of a subchapter S corporation, unanimously affirmed, with costs.

As there are no restrictions on the disposition of shares in the subject close corporation’s corporate documents, the LeNobles have the right to sell to Clarett or to whomever they wish (see Borden v Guthrie, 23 AD2d 313, 319 [1965], affd 17 NY2d 571 [1966]; Leviton Mfg. Co. v Blumberg, 242 AD2d 205, 207-208 [1997]). That the sale will result in the corporation’s loss of subchapter S status, and will thus have an adverse financial impact on plaintiffs, does not warrant the injunctive relief they seek given no showing of fraud or other breach of fiduciary duty (see Zetlin v Hanson Holdings, 48 NY2d 684, 685 [1979]). Plaintiffs also do not show irreparable harm (see Sterling Fifth Assoc. v Carpentille Corp., 5 AD3d 328, 329 [2004] [“(l)ost profits and tax benefits, however difficult to compute they may be, are clearly compensable with money damages”]), and the equities do not balance in their favor. Concur—Saxe, J.P., Sweeny, McGuire and Acosta, JJ.  