Grant v. Winstead

This appeal involves a suit for alleged fraud and violation of fiduciary duty in connection with the purchase of stock by one stockholder/director of a closely-held corporation from another stockholder/director. The jury awarded $300,000 to the plaintiff but the trial court, upon defendant's motion, granted a judgment notwithstanding the verdict or, should that be reversed, a new trial.

The controversy is between Earl J. Grant, Jr., whose widow, as executrix, has represented his interest since before trial,1 and B.R. Winstead, Jr. In October 1977 Grant sold his stock in Charles H. McCauley…