EXADAKTILOS v. CINNAMINSON REALTY CO. INC.


167 N.J. Super. 141 (1979)

400 A.2d 554

LEONIDAS EXADAKTILOS, PLAINTIFF, v. CINNAMINSON REALTY CO., INC. A/K/A HATHAWAY'S LODGE, INC., A NEW JERSEY CORPORATION, AND GEORGE SKORDAS, VASELIOS MALANOS AND PETER MARLAS, INDIVIDUALLY AND AS DIRECTORS OF CINNAMINSON REALTY CO., INC. A/K/A HATHAWAY'S LODGE, INC., DEFENDANTS.

Superior Court of New Jersey, Law Division.

Decided March 2, 1979.


Attorney(s) appearing for the Case

Mr. Norman Shabel for plaintiff.

Mr. Louis A. Colaguori for defendants (Messrs. Bookbinder, Colaguori & Bookbinder, attorneys).


HAINES, J.S.C.

The "oppressed shareholder" is a litigant newly created by Legislative amendment to the New Jersey Corporation Act. See N.J.S.A. 14A:12-7. Plaintiff Leonidas Exadaktolis, claims to be one. He alleges that he purchased a 20% interest in defendant corporation, which owns and operates a restaurant. The corporation has three other stockholders, the respective owners of 20%, 20% and 40% of its stock. George Skordas holds the 40% interest. That a stock...

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