Lowder v. All Star Mills, Inc.

LEWIS, Judge.

Plaintiffs instituted this shareholder’s action on 11 January 1979 against W. Horace Lowder and certain interlocking family corporations alleging that W. Horace Lowder as chief executive officer and director of the corporations violated the fiduciary duties owed to the corporations and the other shareholders. After a jury finding of misappropriation of corporate opportunity by W. Horace Lowder, permanent receivers were appointed for the corporations’ assets to satisfy liabilities. The liquidation is now complete and the only remaining matter is the payment of claims made against…