Minority Shareholders (1)

Stone v. New England Document Systems, Inc., et al., 06-E-201 (Hillsborough, North, Jan. 11, 2007)

Jeffrey Stone (“Stone”) initially instituted this action against defendant New England Document Systems, Inc., f/k/a New England Micrographics, Inc. (“N.E. Docs”)[1] for breach of contract, compelled payment of dividends, freeze-out of a minority shareholder, and judicial dissolution of the corporation. N.E. Docs interposed counterclaims, and moves for judgment on the pleadings as to most of Stone’s claims, and also seeks costs and attorney’s fees. Stone objects. The Court held a hearing on October 23, 2006. Upon consideration of the parties’ oral arguments and written submissions, and as described below, N.E. Docs’ motion is GRANTED only as to Stone’s first breach of contract claim, and his judicial dissolution claim, and no award of costs and attorney’s fees is entered.
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