Aiello v. Aiello

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 receivership proceedings, one of the siblings, Joy Hyland (Joy),4 claimed that her three brothers had, for decades, improperly benefited themselves at the expense of the corporation, DeLuca’s…