California Court of Appeal

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NEUBAUER v. GOLDFARB, B157329

Waiver of corporate directors' and majority shareholders' fiduciary duties to minority shareholders in private close corporations is against public policy, and a contract waiver provision is void. Triable issues exist as to whether defendants made false statements or failed to disclose material facts bearing on the value of plaintiff's stock.

Appellate Information

  • Decided 04/23/2003
  • Published 04/24/2003

Judges

  • JOHNSON, J.

Court

  • California Court of Appeal

Counsel

  • For Appellant:
  •  Gibson, Dunn & Crutcher, Phillip L. Bosl, Theodore J. Boutrous, Jr., William E. Thomson and Julian W. Poon, Los Angeles, for Plaintiffs and Appellants.

  • For Appellees:
  • O'Melveny & Myers, David P. Enzminger and Paula E. Ambrosini, Los Angeles, for Defendants and Respondents.
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