HEILMAN v. GINBERG

No. 15692.

284 F.2d 239 (1960)

Louis HEILMAN, Appellant v. Louis GINBERG et al., Appellees.

United States Court of Appeals District of Columbia Circuit.

Decided November 17, 1960.


Attorney(s) appearing for the Case

Mr. Carleton U. Edwards, II, Washington, D. C., with whom Mr. Bernard Margolius, Washington, D. C., was on the brief, for appellant. Mr. Ralph H. Deckelbaum, Washington, D. C., also entered an appearance for appellant.

Mr. John E. Powell, Washington, D. C., with whom Mr. David G. Berger, Washington, D. C., was on the brief, for appellees Heilman.

Mr. Alvin L. Newmyer, Washington, D. C., for appellee Ginberg.

Before Mr. Justice REED, retired, and BASTIAN and BURGER, Circuit Judges.


BURGER, Circuit Judge.

J. Melvin Heilman and his brother, appellant Louis Heilman, each owned one half of all the stock of a corporation engaged in the retail liquor business. They executed an agreement to the effect that upon the death of either, the survivor would be entitled to purchase the decedent's stock at a price governed by a formula set forth in the agreement.1 This is, of course, not an uncommon arrangement in closely held corporations...

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