Kelegian v. Mgrdichian
California Court of Appeal
1Opinion of the Court
Opinion
HASTINGS, J.
On December 31, 1986, John Mgrdichian (Mgrdichian), a member of the board of directors (Board) of the California Commerce Club, Inc. (Corporation), purchased 200 shares, 14 percent of the outstanding shares, of Corporation stock from fellow Board member Herbert Stem (Stem). This purchase brought Mgrdichian’s holdings to 330 shares, 23 percent of the issued and outstanding shares of the Corporation. After Mgrdichian’s death on November 26, 1990, plaintiff and appellant shareholders Haig Kelegian (Kelegian), Zack Anter (Anter), Harry Massman (Massman), and Peter Lynch (Lynch)…
2Cases cited12 opinions
- New v. NewCalifornia Court of Appeal · 1957
- Weiss v. Kay Jewelry Stores, Inc.Court of Appeals for the D.C. Circuit · 1972
- Breswick & Co. v. BriggsDistrict Court, S.D. New York · 1955
- Perrott v. United States Banking CorporationDistrict Court, D. Delaware · 1944
- Faraclas v. City Vending Co.Court of Appeals of Maryland · 1963
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