Shareholder Rights • Asset Sale • Shareholder Vote • Minority Position
Gehris Family Trust v. Bowlorama, Inc., et al, PICS Case No. 17-0991 (C.P. Berks June 8, 2017) Sprecher, J. (5 pages).
The plaintiffs, minority shareholders in the defendant business, had knowledge of every shareholder meeting and participated in every vote; thus, their rights were not violated when the majority shareholders voted to sell corporate assets and they had no grounds to stop the sale. The court recommended affirmance of its order denying plaintiffs relief.
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