G. I. Joe's, Inc. v. Nizam

Plaintiff G. I. Joe’s, Inc. brought this judicial appraisal action to determine the fair value of defendant’s stock after defendant exercised his right to dissent from a proposed merger. See ORS 60.551 to ORS 60.594. The central factual dispute at trial was the existence of certain stock options in favor of Norm Daniels, the president of G. I. Joe’s. Plaintiff presented testimony from Daniels and others that, although certain merger documents omitted any reference to the options, that omission was inadvertent and the options did, in fact, exist. Defendant, relying exclusively on those merger…