United States First Circuit

Officers and directors of a closely held family corporation breached their fiduciary duty to minority shareholders, whose shares the officers caused the corporation to redeem without making adequate material disclosures, under Rhode Island law. Remanded for further proceedings on the appropriate measure of damages.

Appellate Information

• Decided 04/29/2003
• Published 04/29/2003

Judges

• LYNCH, Circuit Judge., Before SELYA, Circuit Judge, STAHL, Senior Circuit Judge, and LYNCH, Circuit Judge.

Court

• United States First Circuit

Counsel

• For Appellant:
  
• Robert Corrente with whom Brian C. Newberry and Hinckley, Allen & Snyder LLP were on brief, for appellants.


• For Appellees:
  
• Karen Pelczarski with whom Staci L. Kolb and Blish & Cavanagh, LLP were on brief, for appellees.