Andrews Corporate Officers and Directors Liability Litigation Reporter
June 4, 2001
Close Corporation Issues
Copyright (c) 2001 Andrews Publications
ABSENT OPPRESSION, COURT LACKED POWER TO RESTORE PRESIDENT
Smith v. Smith
A West Virginia state court judge did not have the power to restore an ousted corporate president and nullify the actions of the majority shareholders because there was no evidence of minority oppression in the record, the state supreme court ruled...