Theodore Brennan v. Owen Brennan, Jr., et a

PER CURIAM. *

For this diversity action, the primary issue on appeal is whether the settlement agreement between Brennan’s, Inc., and Appellee Owen E. Brennan, Jr., (Owen Brennan) was a credit sale of stock, transferring ownership of the stock to the corporation, or a stock redemption, allowing him to retain shareholder status until the stock was fully redeemed. Plaintiffs Theodore Brennan and his daughter Bridget Brennan Tyrrell appeal a 17 May 2013 order which, inter alia, required Brennan’s, Inc., to recognize Owen Brennan as a shareholder and allowed him to vote his full amount of shares.…