Thornton ex rel. Laneco Construction Systems, Inc. v. Lanehart

kPARRO, J.

This is one of three appeals stemming from a single lawsuit filed by Gary W. Thornton, a minority shareholder in Laneeo Construction Systems, Inc. (Laneeo), a closely-held corporation. The lawsuit asserted direct and derivative claims against the majority shareholders, John W. Lanehart (John) and James Bradley Lanehart (Brad), who are officers and directors of Laneeo, for actions they took after Thornton resigned as an officer and director of the company. This appeal is from a trial court judgment that granted the defendants’ motion for involuntary dismissal and dismissed Thornton’s…