Wachtel v. Shoney's, Inc.

(Western Section).

Plaintiffs David K. Wachtel, Jr. (“Wach-tel”) and Tyrus R. Gainer (“Gainer”) filed suit in the Chancery Court of Davidson County against defendant, Shoney’s, Inc. (“Shoney’s”) seeking to have that court confirm an arbitration award in their favor. The parties had agreed to arbitrate plaintiffs’ dissenters’ rights as minority stockholders in a corporation in which Shoney’s was the majority stockholder. The award of the arbitrators included not only the determined value of the stock owned respectively by Wachtel and Gainer, but attorney fees and interest as well. The…