Marine Services Unlimited, Inc. v. Rakes

Andree Layton Roaf, Justice.

Marine Services Unlimited, Inc. appeals from the chancery court’s award of judgments to Dennis Rakes, a shareholder and former president, for wrongful termination and to Karen Rakes, also a shareholder, for unpaid wages. The corporation also appeals from the chancellor’s failure to award judgment for certain personal expenses paid by the Rakes from corporate funds without proper authorization. We affirm the judgment of the chancellor, but modify the award as to Dennis Rakes.

Facts

Appellant Marine Services Unlimited, Inc., (MSU) is an Arkansas corporation operating a…