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BRENNER v. BERKOWITZ

134 N.J. 488 (1993)

634 A.2d 1019

JUDITH R. BRENNER, PLAINTIFF-RESPONDENT, v. HOWARD BERKOWITZ, RUTH BERKOWITZ, AND ARBEE ASSOCIATES, INC., A NEW JERSEY CORPORATION, DEFENDANTS-APPELLANTS.

The Supreme Court of New Jersey.

Decided December 29, 1993.

Attorney(s) appearing for the Case

Jonathan L. Goldstein argued the cause for appellants (Hellring, Lindeman, Goldstein & Siegal, attorneys; Mr. Goldstein and Richard K. Coplon, of counsel and on the briefs).

Martin J. Brenner argued the cause for respondent (Brenner & Falkin, attorneys).

The opinion of the Court was delivered by GARIBALDI, J.

This appeal concerns the interpretation of two provisions of N.J.S.A. 14A:12-7. Specifically, we address the rights and remedies of a minority shareholder in a close corporation who claims fraud, illegality, mismanagement, and oppression by the majority shareholders in violation of N.J.S.A. 14A:12-7(1)(c), and the requirements for a court-ordered buy-out...

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