AIELLO v. AIELLO


447 Mass. 388 (2006)

VIRGIL AIELLO & another v. GERALD AIELLO & others (and a companion case).

Supreme Judicial Court of Massachusetts, Suffolk.

August 11, 2006.


Attorney(s) appearing for the Case

Jeffrey J. Upton for Joy Hyland.

W. Paul Needham (Mark A. Johnson with him) for Robert Aiello.

Howard M. Brown for Gerald Aiello.

Present: Marshall, C.J., Greaney, Ireland, Spina, Cowin, & Cordy, JJ.


CORDY, J.

This case involves the dissolution of a closely held corporation owned in equal shares by four siblings, who also served as its board of directors. After two rounds of acrimonious litigation among the siblings, a judge in the Superior Court dissolved the corporation and appointed a receiver to wind up the affairs of the business and recommend the fair disbursement of corporate assets.

In the course of the...

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