Guaranty Corp. v. Gamble

BARRY, Judge.

Guaranty Corporation appeals the decision which sustains Harry Gamble, Jr.’s exception of no cause of action and dismisses Guaranty’s lawsuit. We affirm.

On March 29, 1988 Gamble, as chairman and voting trustee of a voting trust, entered into a Stock Sale Restriction Agreement with Tweedy, Browne & Knapp (“TBK”), a Guaranty stockholder. The two parties agreed not to sell any of their Guaranty stock unless the offer by which one party agreed to sell its stock was also offered on the same terms and conditions to the other parties to the agreement. On April 19, 1988 Guaranty offered…