EVANGELISTA v. HOLLAND

No. 88-P-311.

27 Mass. App. Ct. 244 (1989)

537 N.E.2d 589

JOHN L. EVANGELISTA vs. JAMES K. HOLLAND & another, executors.

Appeals Court of Massachusetts, Worcester.

April 27, 1989.


Attorney(s) appearing for the Case

James C. Donnelly, Jr. (Roger W. Lawrence with him) for the defendants.

David A. Talman for the plaintiff.

Present: GREANEY, C.J., ARMSTRONG, & KASS, JJ.


KASS, J.

At first look, the $75,000 which the plaintiff John Evangelista seeks to compel the defendants to accept for their stock in closely held family corporations varies disquietingly from the $191,000 value placed on that stock by the stockholders at a meeting held July 3, 1986. Upon further examination, there is less to the variance then meets the eye. The trial judge, after finding the facts, rightly ordered a sale at the lower price. Those facts, slightly supplemented...

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