Jorgensen v. Water Works, Inc.

¶ 1. Because we conclude, based on the facts found by the circuit court, that the individual defendants breached their fiduciary duties as directors of Water Works, Inc. by violating the shareholder-rights of Duane and Sharon Jorgensen, which caused an injury that was primarily personal to them, we reverse and remand for further proceedings consistent with this opinion.

BACKGROUND

¶ 2. This is the second time this case has been before us. The plaintiffs, Duane and Sharon Jorgen-sen, are shareholders in Water Works, a corporation that owns and operates a car washing facility in Wisconsin Rapids.…