Petitioner and his brother, Dominic Basile (hereinafter Basile), are the sole owners of respondent, a business corporation consisting of eight Big Dom's Submarine Sandwich Shops. Petitioner owns 65 shares of common stock amounting to a 32.5% interest in respondent, with Basile owning the balance. Basile was president of respondent until June 1986, when petitioner was appointed president due to Basile's health problems. A disagreement arose...
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