California Court of Appeal

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.