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METZGER v. CLIFFORD REALTY CORP.

327 Pa.Super. 377 (1984)

476 A.2d 1

Helen METZGER, Esau Joseph, Samuel Levin, Harold Sherwin, Richard J. Makoul, Esquire, As Escrowee, Appellants, v. CLIFFORD REALTY CORP., A/K/A Communications Media, Inc., and Pentamation Enterprises, Inc. Robert MARGOLIS, Harry Margolis, Vincent Abajian, and Zarnas Corporation, Appellants, v. PENTAMATION ENTERPRISES, INC.

Supreme Court of Pennsylvania.

Filed April 6, 1984.

Petition for Allowance of Appeal Denied October 3, 1984.

Attorney(s) appearing for the Case

Richard J. Makoul, Allentown, for appellants (No. 328).

Michael Prokup, Allentown, for appellants (No. 329).

J. Stephen Kreglow, Easton, for appellees.

Before SPAETH, President Judge, and MONTEMURO, and POPOVICH, JJ.

MONTEMURO, Judge:

This matter is before the Court on the consolidated appeals of two groups of shareholders of the now defunct corporation, TV Time and Channel, Inc. (hereinafter "TV Time, Inc."). The shareholders brought parallel actions against Pentamation Enterprises, Inc. (hereinafter "Pentamation") under an agreement of sale wherein Pentamation, through a wholly owned subsidiary, purchased the business, assets, and liabilities of TV Time, Inc. After a non-jury...

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