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ANCHEL v. SHEA

762 A.2d 346 (2000)

Edward ANCHEL, Individually, and Edward Anchel, Derivatively, on behalf of Altec Lansing Technologies, Inc. and its Shareholders, Appellant, v. John SHEA, Tommyca Freadman, Christopher Smith, John McCartney, Altec Lansing Technologies, Inc., Wafra Investment Advisory Group, Inc., Soundco Capital, Inc., Appellees. Altec Lansing Technologies, Inc., John Shea, Tommyca Freadman, Christopher Smith, John McCartney, Appellees, v. Edward Anchel, Appellant. Altec Lansing Technologies, Inc., John Shea, Tommyca Freadman, Christopher Smith, John McCartney, Appellants, v. Edward Anchel, Appellee. Edward Anchel, Individually, and Edward Anchel, Derivatively on behalf of Altec Lansing Technologies, Inc. and its Shareholders, Appellees, v. John Shea, Tommyca Freadman, Christopher Smith, John McCartney, Altec Lansing Technologies, Inc., Wafra Investment Advisory Group, Inc., and Soundco Capital, Inc., Appellants.

Superior Court of Pennsylvania.

Filed October 4, 2000.

Reargument Denied December 5, 2000.

Attorney(s) appearing for the Case

Robert L. Byer, Pittsburgh, for Shea.

Patrick J. O'Connor, Philadelphia, for Anchel.

BEFORE: JOHNSON, STEVENS, and BECK, JJ.

JOHNSON, J.:

¶ 1 This case involves the consolidated appeals and cross appeals of two feuding factions on the board of directors of Altec Lansing Technologies, Inc. Each party appeals an order for preliminary injunction entered on December 13, 1999, which purportedly returned the status quo of the corporation as it existed prior to the allegedly wrongful conduct of each party...

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