Service Corporation International v. H. M. Patterson & Son, Inc.

Hunstein, Justice.

Service Corporation International (“SCI”), individually and derivatively as a stockholder in H. M. Patterson & Son, Inc. (“Patterson”), brought suit against Patterson, its officers, and every member of its board of directors alleging, inter alia, fraud, self-dealing, mismanagement, and seizure of corporate opportunity. During the course of the litigation, SCI moved to enjoin Patterson from making further advancements to the directors of litigation expenses. SCI appeals from the trial court’s ruling denying its motion on the basis that the directors had met the requirements…