Plaintiff is a minority (2%) shareholder in corporate defendant Technology for Information Management, Inc. (TIM). He acquired his shares primarily as part of a chapter X reorganization in 1972 in exchange for a 1969 $10,000 note he had been holding. In 1976 defendant Willcox, president of TIM, started a new company, corporate defendant TIM-formation, Inc. Also in 1976, defendant Willcox offered to purchase all of plaintiff's TIM stock for $12.85. Plaintiff did not sell at...
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