Cirrincione v. Polizzi

The plaintiffs-respondents, minority stockholders and directors of the defendant-appellant close corporation, at a special meeting of the board of directors, voted to remove the defendant-appellant Polizzi, a majority stockholder and director, from his position as president and to restrain him from any exercise of his executive functions. The grounds for removal were alleged threats of appellant Polizzi to remove the respondents from their positions as members of the board of directors and as officers and employees of the corporation.

On the same date as the special meeting, the respondents…