Paul & Suzie Schutt Irrevocable Family Trust v. NAC Holding, Inc.

MlKELL, Judge.

This appeal is taken from the grant of a motion to dismiss the amended complaint of the Schutt Family Trust and other minority shareholders of NAC Holding, Inc., a Delaware corporation. The Schutts originally sought equitable relief in Gwinnett County Superior Court to block the merger of NAC with its parent company, but the trial court refused to enjoin the sale, ruling that the Schutts’ only remedy was an appraisal action in Delaware. Rather than pursue this remedy, the Schutts filed an amended complaint, and the trial court soon granted NAC’s motion to dismiss. We find no…