Brodie v. Jordan

In this case we are asked to consider the appropriate remedy for a “freeze-out” of a minority shareholder by the majority shareholders in a close corporation. The plaintiff, Mary M. Brodie, is a shareholder in Malden Centerless Grinding Co., Inc. (Maiden). The defendants, Robert J. Jordan and David J. *867Barbuto (collectively, defendants), are the corporation’s two other shareholders. The plaintiff brought suit, claiming that the defendants had “frozen her out” from participation in the company, refused her access to company information, and denied her any economic benefit from her shares. After…