Wisconsin Court of Appeals
Corporations — shareholder deadlocks — equitable remedies
This appeal by the Estate of James F. Sheppard represents another chapter in the litigation involving the Estate, Sheppard’s cousin William F. Specht, and two closely held corporations that Sheppard and Specht co-founded in 1972, Cousins Submarines, Inc. and Cousins Subs Systems, Inc., (collectively, “Cousins”). To address a shareholder deadlock, the circuit court ordered the Estate to sell its Cousins stock to Specht at fair market value as determined by an appraiser. We accord great deference to the circuit court’s equitable remedy, and thus affirm the order. This opinion will not be published.
Dist II, Waukesha County, Mac Davis, J., Per Curiam
Attorneys: For Appellant: Graupner, Charles P., Milwaukee; McMorrow, Michael E., Mequon; Fleming, Miriam S., Milwaukee; Watters, Zachary John, Milwaukee; For Respondent: Laing, Dean P., Milwaukee;