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BALSAMIDES v. PROTAMEEN CHEMICALS

734 A.2d 721 (1999)

160 N.J. 352

Emanuel BALSAMIDES, Sr., Emanuel Balsamides, Jr. and Thomas Balsamides, Plaintiffs-Appellants, v. PROTAMEEN CHEMICALS, INC., Adam Perle, Daniel Perle, Manlen Realty Corp. and Relco Chemical Co., Inc., Defendants, and Leonard M. Perle, Defendant-Respondent.

Supreme Court of New Jersey.

Decided July 14, 1999.

Attorney(s) appearing for the Case

Alan S. Pralgever, Roseland, for plaintiffs-appellants (Brach, Eichler, Rosenberg, Silver, Bernstein, Hammer & Gladstone, attorneys; Mr. Pralgever, Stuart L. Pachman and John A. Snyder, II, on the briefs).

Martin N. Crevina, Glen Rock, for defendant-respondent (Buckalew, Frizzell & Crevina, attorneys; Mr. Crevina and Robert J. Buckalew, on the briefs).

The opinion of the Court was delivered by GARIBALDI, J.

This appeal arises out of an acrimonious relationship that developed between two former friends and close business associates, Emanuel Balsamides, Sr. (Balsamides) and Leonard M. Perle (Perle). The two men were each fifty percent shareholders of Protameen Chemicals, Inc. (Protameen or the Company), a corporation that supplies chemicals to the cosmetics industry. Following a series of spiteful and abusive actions...

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