Legal Opinion
Persson v. Smart Inventions, Inc.
California Court of Appeal
Decided January 19, 2005No. B164418, B167179, B172749PublishedCited by 43 opinions
1Opinion of the Court
Opinion
BOLAND, J.
SUMMARY
Thomas Persson and Jon Nokes, both 50 percent shareholders in Smart Inventions, Inc., a corporation that marketed household consumer products, entered into a buyout agreement in which the corporation redeemed all of Persson’s shares. On the day the agreement was executed, the corporation began test marketing of a product called the Tap Light, which was an instant success and generated millions of dollars in revenue. Persson filed this lawsuit against Nokes and Smart Inventions, asserting claims of fraud and breach of fiduciary duty, among others, and claiming millions…
2Cases cited45 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Armendariz v. Found. Health Psychcare Servs., Inc.California Supreme Court · 2000
- Engalla v. Permanente Medical Group, Inc.California Supreme Court · 1997
- PLCM Group, Inc. v. DrexlerCalifornia Supreme Court · 2000
- Santisas v. GoodinCalifornia Court of Appeal · 1998
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3Cited by43 opinions
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