Louis J. Capozzi, Jr. v. Latsha & Capozzi, P.C., et al.

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Louis J. Capozzi, Jr. v. Latsha & Capozzi, P.C., et al.
2002 PA Super 102
US
State Court
Pennsylvania
Superior Court
Robert Davis <br>
Olszweski

Summary

The Pennsylvania Superior Court affirmed the lower court’s decision rejecting an oral forfeiture clause, which limited the valuation of a departing shareholder’s stock to the return of his initial capital contribution if the shareholder competed.
Louis J. Capozzi, Jr. v. Latsha & Capozzi, P.C., et al.
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See Also

Oral Forfeiture Clause Valuing Stock at Amount of Initial Capital Contribution Void

The Pennsylvania Superior Court affirmed the lower court’s decision rejecting an oral forfeiture clause, which limited the valuation of a departing shareholder’s stock to the return of his initial capital contribution if the shareholder competed.