Two men have today been found guilty of the defensive homicide of a Melbourne panel beater during a gunfight over a dispute involving $50,000 cash and $10,000 worth of aftershave.

Omar Taha, 34, and Ahmad Mohamad, 23, died after being shot in the panel beating shop in Florence Street, Brunswick, just after 2.30pm on August 18, 2011.

Florence Street in Brunswick is closed after the shootings.

Mr Taha died at the scene while Mr Mohamad died on the way to hospital.

Khaled Moustafa, 22, and Ali Kassab, 25, pleaded not guilty to murdering both men but after a long and complex trial, a Supreme Court jury today found them guilty of the defensive homicide of Mr Taha, but not guilty of the shooting death of Mr Mohamad, after arguing self defence.