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PANTANO v. McGOWAN

No. S-93-760.

530 N.W.2d 912 (1995)

247 Neb. 894

Ross A. PANTANO, Appellee, v. John J. McGOWAN, Appellant.

Supreme Court of Nebraska.

May 5, 1995.

Attorney(s) appearing for the Case

Mark E. Novotny and Robert J. Murray, of Kennedy, Holland, DeLacy & Svoboda, Omaha, for appellant.

Allen E. Daubman, of Koley, Jessen, Daubman & Rupiper, P.C., Omaha, for appellee.

WHITE, C.J., CAPORALE, FAHRNBRUCH, LANPHIER, WRIGHT and CONNOLLY, JJ., and BUCKLEY, District Judge.

FAHRNBRUCH, J.

Ross A. Pantano wanted to buy Business Interiors and Design, Inc. (Company), a family-owned corporation, by purchasing all of its outstanding capital stock for $1,060,000.

Pursuant to a written agreement with the Company and its shareholders, Pantano purchased 345 shares of the Company's stock for $40,000. In the agreement, the shareholders granted Pantano an option to purchase the Company's remaining outstanding capital stock. John J. McGowan...

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