Soulas v. Troy Donut University, Inc.

Nick Soulas, plaintiff-appellant, one-third owner of Troy Donut University, Inc. (“Troy”), an Ohio corporation, filed a complaint in Franklin County Court of Common Pleas against George L. Sauter and James Barouxis, each of whom also owned one-third of the stock in the corporation, alleging that in June 1980, they had engaged in a course of conduct designed to minimize the profits available to the corporate shareholders and to eliminate Soulas from participation in the benefits of the corporation by causing their salaries to be increased to unreasonably high levels. Soulas also alleged that…