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SCHUPACK v. COVELLI

Civ. A. No. 80-66 Erie.

498 F.Supp. 704 (1980)

Rae SCHUPACK, Individually and Rae Schupack on behalf of herself and all other stockholders of 2170 East Lake Road, Inc., v. Albert COVELLI, Robert Orchard, 2170 East Lake Road, Inc., and McDonald's Corporation.

United States District Court, W. D. Pennsylvania.

September 30, 1980.

Attorney(s) appearing for the Case

Wallace J. Knox and Paul F. Curry, Erie, Pa., for plaintiff.

John Gent, Erie, Pa., for Covelli.

Alfred G. Yates, Pittsburgh, Pa., for Orchard.

Frederic S. Lane and Robert B. Millner, Chicago, Ill., Shelby Yastrow, Oakbrook, Ill., Barbara Malett, Erie, Pa., for McDonald Corp.

OPINION AND ORDER

WEBER, Chief Judge.

This case arises out of a stock redemption agreement executed in May of 1977. At that time the Plaintiff, Rae Schupack, was a stockholder in 2170 East Lake Road, Inc., a firm which was exclusively licensed by McDonald's Corporation to operate McDonald's fast food restaurants in the Erie Pennsylvania area. Robert Orchard and Albert Covelli were the majority shareholders of...

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