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KORVETTES, INC. v. BROUS

Nos. 79-2098, 79-2280.

617 F.2d 1021 (1980)

KORVETTES, INC. and Galaries Anspach (New York) Inc., Appellants-Cross-Appellees, v. David B. BROUS, Appellee-Cross-Appellant.

United States Court of Appeals, Third Circuit.

Decided April 1, 1980.

Attorney(s) appearing for the Case

John J. Rizzo, Stryker, Tams & Dill, Newark, N.J., Coudert Brothers, New York City, for appellants-cross-appellees.

Stephen Rackow Kaye, Marianne Stecich, Proskauer, Rose, Goetz, & Mendelsohn, New York City, Dennis O'Grady, Riker, Danzig, Scherer, & Hyland, Newark, N.J., for appellee-cross-appellant.

Before SEITZ, Chief Judge, and ROSENN and HIGGINBOTHAM, Circuit Judges.

Submitted under Third Circuit Rule 12(6) March 18, 1980.

OPINION OF THE COURT

PER CURIAM.

This lawsuit involves a contractual dispute between Korvettes, Inc., and its former chief executive officer, David B. Brous. The dispute primarily concerns events surrounding the transfer of 100% of the shares of Korvettes from Arlen Realty and Development Corporation (Arlen) to Galaries Anspach (New York), Inc., (GANY).

Brous became president and chief...

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