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LIVINGSTON v. KROWN CHEMICAL MANUFACTURING, INC.

Docket No. 55550, (Calendar No 2).

394 Mich. 144 (1975)

229 N.W.2d 793

LIVINGSTON v. KROWN CHEMICAL MANUFACTURING, INC

Supreme Court of Michigan.

Decided May 27, 1975.

Attorney(s) appearing for the Case

Craig, Farber & Stein, P.C., for defendant-appellant Krown Chemical Manufacturing, Inc.

John H. Norton, for defendants-appellees Leonard Marsano and Lillian R. Marsano.

LEVIN, J.

Marsano, Inc. was engaged in the manufacture and sale of a product known as "Beauty Mate Comb". Leonard Marsano and his wife, Lillian Marsano, owned about 52-1/2% of the capital stock and plaintiffs Jack K. Livingston, et al., owned about 47-1/2%.

The stockholders, majority and minority, decided to sell their shares and placed an advertisement in the Wall Street Journal. Defendant Krown Chemical Manufacturing...

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