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Ferri Enterprises Inc. seeks declaration regarding shareholders' agreement dispute

PENNSYLVANIA RECORD

Saturday, November 23, 2024

Ferri Enterprises Inc. seeks declaration regarding shareholders' agreement dispute

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PITTSBURGH – A Delaware corporation is seeking declaratory judgment in a dispute with Pennsylvania-residing stock holders.

Ferri Enterprises Inc. filed a complaint on Nov. 14 in the U.S. District Court for the Western District of Pennsylvania against John E. Ferri, individually and in his capacity as trustee of the Carole E. Ferri Family Trust; The Carole E. Ferri Family Trust; Megan E. Ferri; Emily M. Ferri; Nathan J. Ferri; Anna K. Ferri; and Tom Ferri seeking declaratory judgment.

According to the complaint, the plaintiff alleges an October 2003 shareholders' agreement is binding upon capital stock owned by the defendants. The suit states the defendants deny their stock is subject to the agreement's terms.

The plaintiff seeks declaration that the defendants' shares are bound by the terms and restrictions of the shareholders' agreement and any further relief the court grants. It is represented by Daniel B. McLane and Paul D. Steinman of Eckert Seamans Cherin & Mellott LLC in Pittsburgh.

U.S. District Court for the Western District of Pennsylvania case number 1:17-cv-00310-MPK

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