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CRIPPIN PRINTING CORP. v. ABEL

No. 2-882A240.

441 N.E.2d 1002 (1982)

CRIPPIN PRINTING CORPORATION, an Indiana Corporation, and Donald E. Carnagua, in His Capacity As Shareholder-Director; David R. Decker, in His Capacity As Shareholder-Director; Norman L. Woods, in His Capacity As Shareholder-Director, Appellants (Defendants below), v. Bill J. ABEL, Appellee (Plaintiff below).

Court of Appeals of Indiana, Second District.

November 24, 1982.

Attorney(s) appearing for the Case

Ronald E. Elberger, Rose McKinney & Evans, Indianapolis, for appellants.

John J. Dillon, William T. Rosenbaum, Irwin B. Levin, Dillon, Hardamon & Cohen, Indianapolis, for appellee.

SHIELDS, Judge.

Bill J. Abel (Abel) filed a complaint for corporate dissolution of Crippen Printing Corporation (Crippen) which further sought the appointment of a receiver during the pendency of the litigation. Abel sought the appointment of a receiver on the basis of an irreconcilable stockholder deadlock causing irreparable injury and damage to the corporation and on the basis of the corporation's actual, or imminent danger of, insolvency.

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