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KELLEY v. AXELSSON

296 N.J. Super. 426 (1997)

ELLEN KELLEY, KURT AXELSSON, MICHAEL AXELSSON, RICHARD AXELSSON AND MARGOT I. AXELSSON, PLAINTIFFS-APPELLANTS, v. BROR ERIC AXELSSON, JR., AXELSSON AND JOHNSON FISH COMPANY, INC., A NEW JERSEY CORPORATION, AND JOHN DOES 1-5, BEING OTHER OFFICERS, DIRECTORS OR PROFESSIONALS, DEFENDANTS-RESPONDENTS, AND JOANN LEIGH GRAMM, ADMINISTRATRIX C.T.A. OF THE ESTATE OF BROR ERIC AXELSSON, SR., DEFENDANT.

Superior Court of New Jersey, Appellate Division.

Decided January 7, 1997.

Attorney(s) appearing for the Case

Valore Law Offices Chartered, attorneys for appellants (Carl J. Valore, on the brief).

Horn, Goldberg, Gorny, Daniels, Plackter, Weiss & Casiello, attorneys for respondents (Mark Soifer, on the brief).

Before Judges BROCHIN, KESTIN and EICHEN.

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

Plaintiffs Ellen Kelley, Kurt Axelsson, Michael Axelsson, Richard Axelsson and Margot I. Axelsson are minority shareholders of defendant Axelsson and Johnson Fish Company, Inc. Together they own 166.65 of the 400 shares of its outstanding capital stock. The remaining 233.35 shares are owned by defendant Eric Axelsson, Jr., who is the president of the defendant corporation.

The facilities of Axelsson...

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