Legal Opinion
Balsamides v. Protameen Chemicals, Inc.
Supreme Court of New Jersey
Decided July 14, 1999PublishedCited by 89 opinions
1Opinion of the Court
The opinion of the Court was delivered by
GARIBALDI, J.
This appeal arises out of an acrimonious relationship that developed between two former friends and close business associates, Emanuel Balsamides, Sr. (Balsamides) and Leonard M. Perle (Perle). The two men were each fifty percent shareholders of Protameen Chemicals, Inc. (Protameen or the Company), a corporation that supplies chemicals to the cosmetics industry. Following a series of spiteful and abusive actions by Perle, Balsamides petitioned the court for dissolution of the corporation, pursuant to N.J.S.A. 14A:12-7, the “Oppressed…
2Cases cited17 opinions
- Rova Farms Resort, Inc. v. Investors Insurance Co. of AmericaSupreme Court of New Jersey · 1974
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Matter of Seagroatt Floral Co. Inc.(riccardi)New York Court of Appeals · 1991
- Rapid-American Corp. v. HarrisSupreme Court of Delaware · 1992
- Lavene v. LaveneNew Jersey Superior Court Appellate Division · 1977
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3Cited by89 opinions
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- TOLL BROS, INC. v. Tp. of West WindsorSupreme Court of New Jersey · 2002
- Lewis v. HarrisSupreme Court of New Jersey · 2006
- D.W. v. R.W.Supreme Court of New Jersey · 2012
- US Bank, N.A. v. HoughSupreme Court of New Jersey · 2012
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