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STRASENBURGH v. STRAUBMULLER

284 N.J. Super. 168 (1995)

664 A.2d 497

JOHN GRIFFIN STRASENBURGH; JOHN A. STRASENBURGH, INDIVIDUALLY AND AS TRUSTEE FOR BLAIR BALDWIN STRASENBURGH; JOHN GRIFFIN STRASENBURGH, JR.; GEORGE GUTHRIE APPLEGATE; OLIVER JAMES STRASENBURGH; TOBY E.A. STRASENBURGH; SARA HOUGHTON STRASENBURGH; ALLISON WEBB STRASENBURGH; AMOS EIGHMY APPLEGATE, AND SAMUEL CHURCH APPLEGATE; SALLY STRASENBURGH APPLEGATE LANE, F/K/A SALLY STRASENBURGH APPLEGATE; SUSAN HUFFARD BALL, A/K/A FRANCES SUSAN WHEATON HUFFARD; COURTNEY MONTAGU HUFFARD; PAUL PHILLIPPI HUFFARD, IV; TREVOR LANSING HUFFARD; WHITNEY LANCASTER HUFFARD; ADA A. STRASENBURGH; AND JAMES A. STRASENBURGH, PLAINTIFFS-APPELLANTS, v. GEORGE J. STRAUBMULLER, III; ROBERT I. VEGHTE; EDWARD C. WHEATON, EDWARD SCOTT WHEATON; JOHN THOMAS WHEATON; W. GLENN GEIS; AND MICHAEL T. ZEE, DEFENDANTS-RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Decided August 8, 1995.

Attorney(s) appearing for the Case

Peter J. Herrigel argued the cause for appellants (Pitney, Hardin, Kipp & Szuch, attorneys; Frederick L. Whitmer, on the brief).

Carl Greenberg and David J. Novack argued the cause for respondents (Budd Larner Gross Rosenbaum Greenberg & Sade, P.C., attorneys; William D. Sanders, Mr. Greenberg and Mr. Novack, on the brief).

Before Judges MUIR, D'ANNUNZIO and EICHEN.

The opinion of the court was delivered by EICHEN, J.S.C. (temporarily assigned).

Plaintiffs are minority stockholders of Wheaton Industries of Millville, New Jersey (Wheaton), a large, privately held, family-owned company with global affiliates and subsidiaries and an income of nearly one-half billion dollars per year. Wheaton is engaged in the glass, plastic, packaging, and cartage business. Most of the plaintiffs are fourth or fifth generation descendants of Dr...

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