WALLACE v. WALLACE Et Al.

Miller, Presiding Judge.

This dispute arises from the forced sale of one brother's stock in a family-owned business, Wallace Electric Company. Dorsey "Doss" Wallace, and his brothers, Phillip and Gary, all worked for Wallace Electric and owned stock in the company. After Doss stopped working for Wallace Electric in 1994, he did not sell-and the company did not even attempt to buy-his stock as was required by the company Bylaws and the shareholders' Buy-Sell Agreement ("the Agreement"). When Phillip asked Doss about returning the shares in 2003, Doss unequivocally refused. Several years later,…