Andrews Corporate Officers and Directors Liability Litigation Reporter
October 7, 2002
Copyright (c) 2002 Andrews Publications
CONN. APPEALS COURT: BOARD CAN'T KILL DIRECTOR'S COMPANY CHAMPION POWER
Fairfax Properties v. Lyons
In a bitter family feud over control of a venerable closely held Connecticut company, a state appeals court has ruled that the siblings who controlled a majority of the board of directors could not change the bylaws to eliminate the authority of a...