Metro Commercial Mgmt. Servs., Inc. v. Istendal – Shareholder Expectations Do Not Trump Terms of AgreementBy email@example.com on 11/27/2018
Cedar Grove, New Jersey – November 27, 2018
The Superior Court of New Jersey – Appellate Division recently issued a precedential opinion that should come to the attention of members of all New Jersey closely-held corporations. The case, Metro Commercial Management Services, Inc. v. Istendal (A-0275-17T4), tackled the issue of whether an at-will employee, who also is a shareholder of the company, has a reasonable expectation of continued employment.