Boland v. Boland

EYLER, DEBORAH S., J.

This is an appeal in a “demand refused” shareholder’s derivative action. In the Circuit Court for Montgomery County, John Boland and Kevin Boland, the appellants, as shareholders in Boland Trane Associates, Inc. (“BTA”), and Boland Trane Services, Inc. (“BTS”) (“the Corporate Appellees” or “the corporations”), sued four members of the corporations’ Boards of Directors — Sean Boland, James Boland, Louis Bo-land, Jr., and Lawrence Cain, Jr. (the “Director Appellees”)— and the corporations, alleging, among other things, that the Director Appellees had engaged in self-dealing…