Arrigoni v. Adorno

This action was brought by certain stockholders of a corporation, the Middletown Theatres, Inc., against the named defendant Adorno, a director and officer of the corporation, on the ground of a breach of fiduciary duty which he owed to it, claiming damages, an accounting, the setting aside of a cer tain lease and other relief. The Middletown Theatres, Inc., was later joined as a party plaintiff. The trial court found that Adorno had been intrusted with the matter of finding a suitable party to lease three theaters which were being operated by the corporation under leases it held, and that he…