Goodyear v. Pennsylvania Steel Foundry & Machine Co.

STALLONE, J.,

This action arises out of the termination of the employment of the plaintiff, Daniel M. Goodyear, with defendant Pennsylvania Steel Foundry & Machine Company.

Between 1986 and June 1995, Goodyear was the sole shareholder, president and chief executive officer of PA Steel. In June 1995, Goodyear sold his entire ownership interest in PA Steel to Citation Corporation. In connection with the sale, Goodyear entered into a written “employment and noncompetition agreement” with PA Steel on June 12, 1995, pursuant to which he would remain the president and chief executive officer of PA…