F.H.T., Inc. v. Feuerhelm

This action represents the competing claims by-two groups of stockholders for control of F.H.T., Inc. (FHT), a closely held corporation formed in this state on October 17, 1968.. The appeal results from the judgment of the District Court of Nebraska, Tenth Judicial District, in and for Adams County, enforcing a buy-out provision and holding that the intervenor is not a proper party to this action. We affirm in part, and in part remand for further proceedings.

The primary issue on appeal concerns the validity of a buy-out provision entered into between the controlling shareholders of the…