Rothman

This is an appeal from the trial court’s judgment on a petition for court supervision of the winding up of a dissolved law corporation, the two shareholders of which were appellant Norman M. Dolin and respondent Daniel L. Rothman.

In early 1982, appellant and respondent were each 50 percent shareholders of Dolin & Rothman, a professional corporation (the Firm). By mutual agreement, the Firm was dissolved on May 31, 1982. At the time of the dissolution, the parties agreed on the division of the Firm’s cases. However, they did not agree upon the allocation of fees to be received from future work for those clients whose cases they each took. Specifically, the parties could not agree on the distribution of fees with respect to one client with whom the Firm had a contingency fee agreement, and who subsequently retained respondent to provide legal services. Additionally, respondent was of the opinion that the unfinished business of the Firm on the date of dissolution, which matters were to be finished on behalf of the Firm and the fees from which were to be distributed to the shareholders according to their shareholdings in the law corporation rather than according to which…