BLA INVESTS., INC. v. LeCOUNT

No. 2009CA00309.

2010 Ohio 4098

BLA Investments, Inc., Plaintiff-Appellant, v. William E. Lecount, Defendant-Appellee.

Court of Appeals of Ohio, Fifth District, Stark County.

DATE OF JUDGMENT ENTRY: August 30, 2010.


Attorney(s) appearing for the Case

John A. Murphy, Jr., Kristen S. Moore, Millennium Centre-Suite 300, 200 Market Avenue North, P.O. Box 24213, Canton, OH 44701-4213, for Plaintiff-Appellant.

Gary A. Corroto, David L. Dingwell, 220 Market Avenue South, 8th Floor, Canton, OH 44702, William D. Evans, II, 1185 South Main Street, Akron, OH 44301, for Defendant-Appellee.

Before: William B. Hoffman, P.J., Sheila G. Farmer, J., Patricia A. Delaney, J.


OPINION

FARMER, J.

{¶1} In 1992, William Anthony and appellee, William LeCount, formed appellant, BLA Investments, Inc. Each partner was a fifty percent shareholder. At the time the corporation was started, the parties entered into a "Mandatory Buy-Sell Agreement" which governed the procedures by which either shareholder could or was required to sell his shares back to the corporation. Appellee left appellant's employ on November 16, 2006...

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