Childs v. Woods

J^FITZSIMMONS, J.

Mrs. Lurline Hancock Woods filed a re-conventional demand against Robert C. Alford and a third party demand against AWC, Inc. Mrs. Woods alleged that Mr. Alford, as an officer, director, and shareholder of AWC, Inc., breached his fiduciary duty to deal fairly with Mrs. Woods. Primarily, she asserts that Mr. Alford misrepresented the true value of AWC, Inc. stock that she sold to AWC, Inc.’s employee and pension plans on July 31, 1985. Mrs. Woods also alleged that he misled her as to the tax consequences of the sale. In the third party demand, she alleged that AWC, Inc. was…