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SCHUPACK v. COVELLI

Civ. A. No. 80-66 Erie.

512 F.Supp. 1310 (1981)

Rae SCHUPACK, individually and Rae Schupack on behalf of herself and all other stockholders of 2170 East Lake Road, Inc., Plaintiff, v. Albert COVELLI, Robert Orchard, 2170 East Lake Road, Inc., and McDonald's Corporation, Defendants.

United States District Court, W. D. Pennsylvania.

May 5, 1981.

Attorney(s) appearing for the Case

Wallace J. Knox, Erie, Pa., for plaintiff.

John G. Gent, Erie, Pa., for defendant Covelli.

Robert Millner, Chicago, Ill., Barbara Malett, Erie, Pa., Shelby Yastrow, Oak Brook, Ill., for defendant McDonald Corp.

Alfred G. Yates, Jr., Pittsburgh, Pa., for defendant Orchard.

MEMORANDUM OPINION

WEBER, Chief Judge.

The plaintiff in this action, Rae Schupack, was at one time a minority shareholder in 2170 East Lake Road, Inc., a corporation which was exclusively licensed by McDonald's Corporation to operate McDonald's Fast Food Restaurants in the Erie, Pennsylvania, area. In May of 1977, the plaintiff and other minority shareholders of 2170 East Lake Road, Inc., entered into a stock redemption agreement. Under the terms of this...

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