Jaffe Commercial Finance Co. v. Harris

PRESIDING JUSTICE DOWNING

delivered the opinion of the court:

The issue in this case is whether a minority shareholder in a close corporation is entitled to any relief from an alleged freeze-out. Plaintiff, Jaffe Commercial Finance Company, 1 contests the propriety of the trial court’s judgment holding that: (1) plaintiff was barred from equitable relief under the “unclean hands” doctrine; (2) the evidence failed to show a pattern of practice and an oral agreement between plaintiff’s principal shareholder, Joel Salk, and the individually named defendants, Paul and Ruben Harris (the Harris…