Andrews Corporate Officers and Directors Liability Litigation Reporter
June 28, 1999
Close Corporation/Stock Repurchase
Copyright (c) 1999 Andrews Publications
COURT ENFORCES BUYBACK RIGHTS IN FAMILY FEUD
Di Loreto v. Tiber Holding Corp.
Chancellor William Chandler ordered the closely held Tiber Holding Corp. to buy back certain shares of its outstanding Class B stock from certain feuding family members, as required by a mandatory provision in the holding company's corporate by-laws....
COURT ENFORCES BUYBACK RIGHTS IN FAMILY FEUD
Di Loreto v. Tiber Holding Corp.