T.S.I. Holdings, Inc. v. Buckingham

MEMORANDUM AND ORDER

LUNGSTRUM, District Judge.

I. Introduction

This case involves claims brought by plaintiffs T.S.I. Holdings, Inc. (“TSI”) and New Progress, Inc. (“New Progress”) against defendants John C. Buckingham and Cincinnati Insurance Company (“Cincinnati”). New Progress is a wholly-owned subsidiary of TSI. Defendant Buckingham was president of TSI and New Progress and also a director of New Progress. The various claims arise out of the plaintiffs’ contentions that defendant Buckingham, through his positions at TSI and New Progress, wrongfully appropriated monies from the companies for…