Ostrowski v. Avery

Opinion

PETERS, J.

This case raises important issues concerning the procedural and substantive rules governing claims of fiduciary misconduct in general and usurpation of a corporate opportunity in particular. The plaintiffs, minority shareholders of Avery Abrasives, Inc. (Avery Abrasives), a manufacturer of abrasive cutting wheels, brought this action in their individual capacities and derivatively on behalf of that corporation pursuant to General Statutes § 52-572j.1 On the motion of its special litigation committee,2 Avery Abrasives became a *357defendant3 in accordance with General Statutes §…