Glazer v. Cambridge Industries, Inc.

CIRILLO, Judge:

This is an appeal from the dismissal of plaintiffs’ Amended Complaint following Preliminary Objections on the grounds of lis pendens.

This is the third suit arising out of a shareholders agreement entered into by Arnold Cohen and Abraham Glazer, which created Leader Industries, Inc. The corporate stock of Leader Industries, Inc., is owned fifty percent by Cohen and fifty percent by Glazer. The shareholders agreement provides in pertinent part:

1.3 The initial and principle business of Corporation is the manufacture and sale of furniture.' Cohen is presently in the bedding…