Legal Opinion
Systematics, Inc. v. Mitchell
Supreme Court of Arkansas
Decided January 29, 1973No. 5-6157PublishedCited by 3 opinions
1Opinion of the Court
George Rose Smith, Justice.
On June 30, 1969, the appellant, Systematics, Inc., a comparatively young company supplying services based upon data processing, issued to the appellee, an employee, 15,000 shares of Systemati.cs stock at a price of ten cents a share. The stock was issued pursuant to a restrictive agreement by which Mitchell was required to offer to resell the stock to Systematics, at the same price, if he were discharged for cause.
About eleven months later Systematics discharged Mitchell for cause, but he refused to resell the stock to the company at the agreed price. Systematics…
2Cases cited3 opinions
- Allen v. Biltmore Tissue Corp.New York Court of Appeals · 1957
- Rector-Phillips-Morse, Inc. v. VromanSupreme Court of Arkansas · 1973
- Ward v. City Drug Co.Supreme Court of Arkansas · 1962
3Cited by3 opinions
- John R. Baur v. Baur Farms, Inc. and Robert F. BaurSupreme Court of Iowa · 2013
- Wingfield v. Contech Construction Products, Inc.Court of Appeals of Arkansas · 2003
- Systematics, Inc. v. MitchellSupreme Court of Arkansas · 1973