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In family business dispute, appraisal right deemed waived

Because he did not serve notice in a timely manner, a trustee waived his right to seek an independent appraisal of the value of family businesses controlled by the decedent’s surviving brothers, dooming a breach-of-contract claim, a Superior Court judge has decided. In Szawlowski Potato Farms, Inc., et al. v. Szawlowski, et al., Judge Kenneth ....

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Corporate – Stock redemption agreement – Amendments

Where counterclaims have been filed regarding amendments to a 2009 shareholder stock redemption agreement, those amendments should be declared invalid. “Frank, Chester, John, and Stanley Szawlowski were bothers. For decades they owned and ran a potto farming business that their grandparents had started. The business now operates through four closely-held corporations and a limited liability ....

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