BONAVITA v. CORBO


300 N.J. Super. 179 (1996)

GERALD BONAVITA, PLAINTIFF, v. ALAN CORBO AND CORBO JEWELERS, INC., DEFENDANTS.

Superior Court of New Jersey, Chancery Division Bergen County.

Decided November 22, 1996.


Attorney(s) appearing for the Case

David B. Wasserman, for plaintiff (Wasserman & Schachman).

William B. McGuire, for defendants (Tomkins, McGuire and Wachenfeld).


LESEMANN, J.S.C.

Gerald Bonavita, the holder of one-half the stock of Corbo Jewelers, Inc., instituted this suit claiming that the corporation was deadlocked and that he was the victim of oppression by Alan Corbo, holder of the other 50% of the corporation's stock, who is also its president and chief executive officer. He sought relief under N.J.S.A. 14A:12-7 and also under this court's common-law power to remedy such oppression. See Brenner v. Berkowitz...

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