ALBEE HOMES, INC. v. LUTMAN

Civ. A. No. 33407.

274 F.Supp. 875 (1967)

ALBEE HOMES, INC. and Albee Summit Homes, Inc. v. Meir LUTMAN.

United States District Court E. D. Pennsylvania.

November 3, 1967.


Attorney(s) appearing for the Case

Modell, Pincus, Hahn & Reich, by Pace Reich, Philadelphia, Pa., for plaintiffs.

Goodis, Greenfield, Narin & Mann, by Allen J. Levin, Philadelphia, Pa., for defendant.


OPINION

JOSEPH S. LORD, III, District Judge.

This case arises out of a business transaction in which defendant exchanged a 50% interest in Albee Summit Homes, Inc. ("Summit"), a 7.5% interest in Albee Tri-State Homes, Inc. ("Tri-State"), and a 7.5% interest in Albee Grand Homes, Inc. ("Grand") for 14.5 shares of Albee Homes, Inc. ("Albee"). Defendant had been employed by Summit and after the exchange continued to be employed by Albee. Plaintiffs' claim was...

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