- 3 - Chicken Bar During 1991, petitioner, Marc Caplan (Mr. Caplan), a friend of petitioner who lived in Lake Oswego, Oregon (Lake Oswego),4 and three other individuals incorporated Chicken Bar, Inc. (Chicken Bar), under the laws of the State of Oregon. At all relevant times including 1995, Chicken Bar owned and operated a fast food restaurant (Chicken Bar restaurant), located in Beaverton, which is near Portland. At all relevant times including 1995, petitioner owned 35 percent, Mr. Caplan owned 35 percent, and three other individuals owned the remaining 30 percent of the stock of Chicken Bar. The board of directors of Chicken Bar consisted of five members, two of whom were petitioner and Mr. Caplan.5 Mr. Caplan was the president, and petitioner was the secretary, of Chicken Bar. Mr. Caplan, as president, had primary responsibility for the day-to-day management and operations of Chicken Bar, including the Chicken Bar restaurant.6 Petitioner, 4Lake Oswego is near Portland, Oregon (Portland), and Beaverton, Oregon (Beaverton). In addition to Mr. Caplan, petitioner had two or three other friends who lived in the Portland area. 5The bylaws of Chicken Bar provided in pertinent part that “The business and affairs of the corporation shall be managed by a Board of Directors who shall exercise or direct the exercise of all corporate powers”. 6The bylaws of Chicken Bar provided in pertinent part that the president “shall * * * have general supervision, direction (continued...)Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011