American Electronics Laboratories, Inc. v. Dopp

OPINION AND FINAL JUDGMENT

LATCHUM, Chief Judge.

In this case, American Electronic Laboratories, Inc., (“AEL”), a Pennsylvania corporation, sued to recover a judgment in the amount of $1,510,950 from Paul S. Dopp (“Dopp”), a New Jersey citizen, for breach of contract. The complaint charged that Dopp failed to perform a contract, dated February 20, 1970, as amended (the “AEL-Dopp contract”) in which he had agreed to purchase from AEL 143,900 shares of Series B Voting Participating Convertible Stock (“preferred stock”) of Butler Aviation International, Inc. (“Butler”). 1 The action, originally…