Diamond v. Pappathanasi

Hinkle, Margaret R., J.

Plaintiff Kathryn Diamond (“Diamond"), a minority shareholder in a close corporation, filed this action against the defendants alleging fraud and breach of fiduciary duty in connection with the defendants’ acquisition of the corporation’s subsidiary. This matter is before the court on the defendants’ motion for summary judgment on all counts of the complaint. For the reasons discussed below, the defendants’ motion is allowed.

BACKGROUND

Viewed in the light most favorable to the plaintiff as the non-moving party, the undisputed facts as revealed by the summary judgment…