California Court of Appeal

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Cunningham v. Magidow, B243474

Following judgment on behalf of plaintiff-shareholder in a shareholder derivative action on behalf of Royal Airline Linen, Inc. against defendant officer, the trial court's order compelling plaintiff to acknowledge that the judgment had been partially satisfied in the amount of $452,000, which was the amount that defendant officer forgave of loan that he had made to Royal, is reversed, where: 1) the appeal is not moot; and 2) the trial court abused its discretion in making the order because no equitable consideration weighs in favor of granting the partial satisfaction of the judgment.

Appellate Information

  • Decided 08/30/2013
  • Published 08/30/2013

Judges

  • ROTHSCHILD

Court

  • California Court of Appeal

Counsel