Andrews Corporate Officers and Directors Liability Litigation Reporter
October 12, 1998
Close Corporation/Business Judgment Rule:
Copyright (c) 1998 Andrews Publications
4TH CIR. TO DECIDE IF BUSINESS JUDGMENT RULE APPLIES TO CLOSE CORPORATION
Kreischer v. The Kerrison Dry Goods Co.
The majority shareholders of a closely held family corporation breached their fiduciary duty by undervaluing their stock, the minority shareholders told a federal appeals court in Richmond, VA. Kreischer et al. v. The Kerrison Dry Goods Co. et al.,...
4TH CIR. TO DECIDE IF BUSINESS JUDGMENT RULE APPLIES TO CLOSE CORPORATION
Kreischer v. The Kerrison Dry Goods Co.