Automatic Liquid Packaging, Inc. v. Jack E. Dominik
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
Before us is the appeal of Automatic Liquid Packaging, Inc., a closely held manufacturing corporation that was incorporated in 1968 with the assistance of its lawyer, Jack Dominik. In exchange for his services Dominik was allowed to buy a substantial block of shares in the new company. He drafted an agreement whereby for ten years any shareholder who either wanted to sell his shares or ceased to be employed by the company would have to offer his shares to the company at a price determined by a formula in the agreement. Dominik, the only shareholder not actually employed…
2Cases cited21 opinions
- Curtiss-Wright Corp. v. General Electric Co.Supreme Court of the United States · 1980
- Cold Metal Process Co. v. United Engineering & Foundry Co.Supreme Court of the United States · 1956
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- Exchange National Bank of Chicago v. Harold Daniels and Irene DanielsCourt of Appeals for the Seventh Circuit · 1985
- National Metalcrafters v. McNeilCourt of Appeals for the Seventh Circuit · 1986
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- Indiana Harbor Belt Railroad Company v. American Cyanamid CompanyCourt of Appeals for the Seventh Circuit · 1988
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