User talk:2604:2D80:DB04:5500:8D68:69CD:6AA3:2DE9

/* /* Epic legal battle by the Place Family */ new section */ new section
The once private company was closely held by the family. Charles Place Vice President suggested transitioning the company to a employee owned company. The private family shareholders would be compensated, in an effort to save the business that was seeing Walmart stores opening in communities containing once profitable company stores. Walmart in Bethany Missouri home of Places Distribution Center. In 1991 the company was struggling financially, when most of the family chose to sell their stock to the employee's working for the family at a price of $14.28 per share on notes. The company became employee owned. The current president and father of the president disagreed, which resulted in an expensive and epic legal battle over the ownership and the sale of Places Discount Store Stock. Ultimately,(January 1997) the former president and father were bought out (paid over $400,000) after the successful Missouri Court of Appeals ruling (Western District).

See https://www.leagle.com/decision/19961812950sw2d86211683 https://casetext.com/case/place-v-p-m-place-stores-co