Hall v. Staha

James R. Van Dover, Special Justice.

This is the second appeal of two consolidated actions of which a shareholders derivative action, filed by appellants under Rule 23.1, ARCP, remains.

Appellants, led by Dr. Billy Hall, are minority shareholders of Dunhall Pharmaceuticals, Inc. (“Dunhall”), a privately traded Arkansas corporation. Dr. Hall is one of Dunhall’s organizers and the only member of its three man board of directors not involved in its daily management. The appellees/ cross-appellants are Dunhall; Monte J. Staha and Jimmy Hatfield, Dunhall’s President and Sales Manager, respectively;…