Morrical v. Rogers

Opinion

BRUINIERS, J.

Siblings Michael (Mike) McGraw, John McGraw and Ann M. Morrical are coequal shareholders of a group of family corporations. Disputes between the siblings over the management of these corporations led to conflicts and litigation. Mike and John (collectively the Brothers) then entered into a series of transactions with an outside management company and, over the objection of their sister, voted to restructure the corporate boards of directors, granting effective corporate control to the management company. Ann filed suit to challenge the election of new directors pursuant to…