Reid Biberstine v. New York Blower Company

Upon termination as Vice President of the Mechanovent Corporation, Reid Biberstine made several alternative requests of the New York Blower Company and its Board of Directors. New YorkBlower Company (NYB) is the parent of Mechanovent Corporation (Mechanovent). Biberstine sought to either (a) keep his shares of stock in NYB or (b) sell the shares to NYB and then repurchase them, or (c) sell the shares to NYB under the provisions of a stock redemption offer. NYB rejected Biberstines requests, cancelled his shares of stock, and paid him a predetermined price for them. Biberstine filed a three-count complaint asserting numerous theories of recovery. NYB filed a motion for summary judgment which the trial court granted in part and denied in part. Biberstine now appeals. We address the following rephrased issues: