Steven Harlamert, Individually and as Administrator of the Estate of John Harlamert v. World Finer Foods, Inc.

OPINION

POLSTER, District Judge.

Steven Harlamert, Administrator of the Estate of his deceased father John Harla-mert (the “Estate”), initiated this declaratory judgment action against World Finer Foods, Inc. (‘WFF”), a closely held corporation. The Estate contends that it is permitted to freely transfer the ten shares of WFF stock owned by John Harlamert prior to his demise. WFF contends that the shares are subject to a shareholder agreement that restricts the transfer of that stock to the company. After a bench trial, the district court granted judgment in favor of the Estate. WFF appeals the…