BERIKER v. PERMAGRAIN PRODUCTS, INC.


347 Pa.Super. 102 (1985)

500 A.2d 178

Korkut BERIKER, Robert Williams, Robert Beshar, the Beriker Group, Appellees, v. PERMAGRAIN PRODUCTS, INC. and Quehanna Corporation, Appellants.

Supreme Court of Pennsylvania.

Filed November 8, 1985.


Attorney(s) appearing for the Case

Steven A. Asher, Philadelphia, for appellants.

William G. Scarborough, Philadelphia, for appellees.

Before DEL SOLE, MONTEMURO and BECK, JJ.


DEL SOLE, Judge:

This is an appeal from a Judgment entered in the Court of Common Pleas of Philadelphia, which confirmed an arbitration award of $67,500 made by a panel of arbitrators of the American Arbitration Association. We affirm the Judgment of the trial court.

In 1980, the parties in this case entered into negotiations to set up a business to manufacture polyester marble tile in the United States. Groundwork for the venture was laid: a stock subscription...

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