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GOOD ET ALS v. LACKAWANNA LEATHER CO. ET ALS.,

96 N.J. Super. 439 (1967)

233 A.2d 201

DONALD A. GOOD, WALLACE H. GOOD AND MARJEAN M. GOOD, PLAINTIFFS, v. LACKAWANNA LEATHER COMPANY, A NEW JERSEY CORPORATION, GOOD BROTHERS LEATHER COMPANY, A NEW JERSEY CORPORATION, CARL F. GOOD, ROSS L. DIMM, JR., GERARD K. LIND AND DALE McKNIGHT, DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided July 27, 1967.

Attorney(s) appearing for the Case

Mr. Arthur L. Abrams and Mr. Charles J. Irwin for plaintiffs (Messrs. Abrams & Irwin, attorneys).

Mr. William L. Dill, Jr. for defendants Lackawanna Leather Co., Ross L. Dimm, Jr. and Dale McKnight (Messrs. Stryker, Tams & Dill, attorneys).

Mr. David B. Schackner for defendants Good Bros. Leather Co., Carl F. Good and Gerard K. Lind (Messrs. Fox, Schackner, Neagle & Mastrangelo, attorneys).

MINTZ, J.S.C.

Plaintiffs Donald A. Good and Marjean M. Good are minority stockholders of defendants Good Bros. Leather Co. (hereinafter referred to as Good Bros.) and Lackawanna Leather Co. (hereinafter referred to as Lackawanna). They seek an appraisal of the value of their shares in accordance with N.J.S.A. 14:12-6 and 7 and N.J.S.A. 14:3-5. Alternatively, they seek an appraisal of their shares in both corporations in accordance with alleged common...

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