Stotlar Drug Co., Inc. v. Marlow

Stotlar Drug Company, Inc. (hereinafter referred to as Stotlar Drug), is a corporation which had employed Roger Marlow as a pharmacist since June 1961. Marlow is also a shareholder and director of the corporation. On December 3, 1990, plaintiff filed a two-count complaint against Marlow, alleging that between 1986 and 1989 Marlow breached his fiduciary duty to the corporation and converted funds and merchandise from Stotlar Drug. On January 18, 1991, the court entered a default judgment against the defendant on the question of liability. A hearing on damages was held on July 3, 1991, and the…