Douglas M. Tatum v. SFN Group, Inc.

Douglas and John Tatum (the “Tatums”) sued SFN Group, Inc. (“SFN”) after a merger between SFN and the Tatums’ company, Tatum, LLC, did not go as everyone hoped. The district court denied the Tatums’ motion for leave to amend their complaint and granted summary judgment in favor of SFN. The Tatums appealed. After careful review, we affirm.

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Douglas and John Tatum are brothers and co-founders of Tatum, LLC, an executive talent company. The Tatums left the company’s Board of Directors and stepped back from its day-to-day operations, but they continued to hold, collectively, the largest ownership…