California Court of Appeal

In an action against the majority shareholders of a corporation for breach of fiduciary duties brought by a minority shareholder seeking dissolution of the corporation and other relief, trial court order's appraisal of the fair value of the shares that did not account for a related derivative action is reversed where determination of the fair value of the shares of a corporation under Corporations Code section 2000 includes an assessment of the value, if any, of pending derivative actions and their effects on the fair value of the shares.

Appellate Information

• Decided 02/09/2009
• Published 02/09/2009

Judges

• KRIEGLER, J.

Court

• California Court of Appeal

Counsel

• For Appellees:
  
• Greenberg Traurig and Frank E. Merideth, Jr., Santa Monica, for Defendants and Appellants., Glickfeld, Fields & Jacobson and Craig M. Fields, Beverly Hills, for Plaintiff and Respondent.