Stiff v. Stiff

KENNETH W. SHRUM, Presiding Judge.

Plaintiffs sued Robert H. Stiff, Jr. (“Bob”) requesting that the trial court order Bob to specifically perform a buy-out provision in a shareholders’ agreement. 1 The shareholders’ agreement related to the corporate stock of B.T. Bones Steakhouse, Inc. (“the Corporation”). Bob and the Corporation (collectively called “Defendants” herein) counterclaimed, alleging that Plaintiffs breached a duty of loyalty to the Corporation. The trial court entered judgment for Plaintiffs on both claims. Defendants appeal. We reverse and remand in part; we affirm in part.

PROCED…