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BIBERSTINE v. NEW YORK BLOWER CO.

No. 46A05-9212-CV-00458.

625 N.E.2d 1308 (1993)

Reid BIBERSTINE, Appellant-Plaintiff, v. NEW YORK BLOWER COMPANY, Edward J. Blondell, Peter H. Mathis, John D. Mathis, John C. Anders, James J. McGrath, Barry L. Benner, and Paul J. Novotny, Appellees-Defendants.

Court of Appeals of Indiana, Fifth District.

Rehearing Denied January 24, 1994.

Joint Dismissal of Transfer Granted April 12, 1994.

Attorney(s) appearing for the Case

Sallwasser and McCain, V. Michael Drayton, La Porte, for appellant-plaintiff.

Newby, Lewis, Kaminski & Jones, Mark L. Phillips, La Porte, Chapman & Cutler, Frederick V. Lochbihler, Chicago, IL, for appellees-defendants.

RUCKER, Judge.

Upon termination as Vice President of the Mechanovent Corporation, Reid Biberstine made several alternative requests of the New York Blower Company and its Board of Directors. New York Blower Company (NYB) is the parent of Mechanovent Corporation (Mechanovent). Biberstine sought to either (a) keep his shares of stock in NYB or (b) sell the shares to NYB and then repurchase them, or (c) sell the shares to NYB under the provisions of a stock redemption...

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