Legal Opinion

Gob, LLC v. Rainbow Canyon, Inc.

Wyoming Supreme Court

Decided December 31, 2008No. S-08-0035PublishedCited by 10 opinions

1Opinion of the Court

BURKE, Justice.

[11] GOB, LLC, filed a derivative action against Rainbow Canyon, Inc., and three of its shareholders and directors, Gary Palmer, William Irvine, and Robert Deline. GOB asked the district court, inter alia, to void an agreement that Rainbow Canyon entered into with Tridem Minerals, LLC, which is solely owned by Mr. Deline. GOB alleged that the agreement was a conflict of interest transaction because of Mr. Deline's position within Rainbow Canyon. The district court determined that no conflict of interest transaction occurred, and that GOB did not fairly and adequately represent…

2Cases cited11 opinions

  1. Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
  2. Wells Fargo Bank Wyoming, N.A. v. HodderWyoming Supreme Court · 2006
  3. Seward v. StateWyoming Supreme Court · 2003
  4. Horn v. District Court, Ninth Judicial DistrictWyoming Supreme Court · 1982
  5. Wallop v. WallopWyoming Supreme Court · 2004

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3Cited by10 opinions

  1. Mantle v. N. Star Energy & Constr. LLCWyoming Supreme Court · 2019
  2. Wallop Canyon Ranch, LLC v. GoodwynWyoming Supreme Court · 2015
  3. In the Matter of the Worker's Compensation Claim of Michael Vinson: Tata Chemicals Soda Ash Partners, Ltd v. Michael VinsonWyoming Supreme Court · 2020
  4. HB Family Limited Partnership, a Wyoming limited partnership Robbin D. Mommsen, Trustee of the Robbin D. Mommsen Trust dated May 29, 2002, as amended Reynolds Pomeroy, II and Bettie B. Pomeroy, Trustees of the Pomeroy Revocable Trust dated November 15, 2017, as amended Howard G. Hardeman and Elizabeth J. Hardeman, individually and as Trustees of the Elizabeth J. Hardeman Trust The Hardeman Revocable Trust dated March 15, 2016, as amended, by Scott Hardeman and Stephanie Hardeman, Trustees Gayle Hardeman Decker and David R. Decker Deborah J. Hardeman Christine M. Coleman, as Trustee of the Christine M. Coleman Wyoming QPRT II dated January 2011 William Murray and Michael N. Christodolou and Kathleen A. Christodolou v. Teton County Board of County Commissioners and Teton Raptor CenterWyoming Supreme Court · 2020
  5. McCallister v. State (In re Worker's Comp. Claim Of)Wyoming Supreme Court · 2019

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