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CATSOUPHES v. ATEX ASSOCIATES, INC.

287 N.J. Super. 459 (1996)

671 A.2d 208

ARISTOTLE CATSOUPHES, PLAINTIFF, v. ATEX ASSOCIATES, INC., PETER CALLAS, CONSTANTINE CALLAS, DEMITRI TEFARIKI, KATERINA NICHOLAS, DEFENDANTS/RESPONDENTS, AND SCOTT L. NICHOLAS, DEFENDANT/APPELLANT, AND LOUIS E. AMORATIS, ELENA NICHOLAS CELLA AND GEORGE K. STRATIS, DEFENDANTS.

Superior Court of New Jersey, Appellate Division.

Decided February 27, 1996.

Attorney(s) appearing for the Case

Appellant Scott L. Nicholas submitted a pro se brief.

Corcoran & Greene, attorneys for respondent Atex Associates, Inc. (Deborah L. Greene, of counsel and on the brief).

Before Judges STERN, WALLACE and NEWMAN.

The opinion of the court was delivered by WALLACE, J.A.D.

We granted leave to appeal to address defendant Scott L. Nicholas' challenge to an order of the Chancery Division entered on June 9, 1995. The order directed each of the shareholders of Atex Associates, Inc. to pay $20,000 to the receiver within two weeks. Any shareholder who made the payment would receive priority over a non-paying shareholder. Further, the order provided that if the entire $140,000 was not...

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