Ernest Lane, III v. Ronald D. Lampkin

¶ 58. I respectfully dissent.

¶54. The chancellor called the judgment appealed a “Judgment on Valuation of Business.” The chancellor recognized that Lampkin and Smith incorporated Limestone Products, Inc. The chancellor ruled:

The liability portion of the case was heard first and the Court determined Lampkin breached his fiduciary duty to the Smith estate by usurping a corporate opportunity through the starting of Delta Stone. In addition to the business itself, Limestone Products, the parties jointly owned certain real property on which the business was being operated. The real property has…