Fleming v. International Pizza Supply Corp.
Indiana Supreme Court
1Opinion of the Court
SULLIVAN, Judge.
We address whether the legislature’s response to our decision in Gabhart v. Gabhart, 267 Ind. 370, 370 N.E.2d 345 (1977), precludes a dissenting shareholder from bringing separate actions for breach of fiduciary duty and fraud when statutory appraisal remedies are available.
Background
Kenneth W. Fleming and Peter Jensen formed International Pizza Supply Corporation under the Indiana Business Corporation Law, Ind.Code § 23-1-17-1 et seq. (the “BCL”), in 1988. Jensen was issued a majority of the shares. In 1991, Jensen voted his shares in favor of a transaction in which the…
2Cases cited15 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Yanow v. Teal Industries, Inc.Supreme Court of Connecticut · 1979
- Singer v. Magnavox Co.Supreme Court of Delaware · 1977
- Masinter v. Webco Co.West Virginia Supreme Court · 1980
- W & W Equipment Co., Inc. v. MinkIndiana Court of Appeals · 1991
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