Arizona Tea Co-Founder Can't Muscle Way Into Management

Law360, New York (August 6, 2012, 2:59 PM EDT) -- A New York state judge on Friday denied Arizona Iced Tea co-founder John M. Ferolito an injunction to reinsert him into the drink maker's daily operations, the latest development in a messy contract fight over Ferolito's attempt to unload his stake in the company.

The dispute is one piece of what New York Supreme Court Judge Martin Shulman called a “hotly litigated war” between Ferolito and Domenick J. Vultaggio, who co-founded the popular iced tea brand in 1992. After Ferolito tried to transfer his Arizona interest...
To view the full article, register now.