Colaco v. Cavotec SA
California Court of Appeal, 5th District
1Opinion of the CourtAronson, J.
*547Appellants *1175Inet Airport Systems, Inc., Inet Airport Systems, LLC,1 Michael Colaco, and April Barry appeal from the judgment entered *1176against them in this action arising from Inet's sale of its assets to respondents Cavotec SA and Cavotec Inet US, Inc. (collectively Cavotec). Colaco was Inet's sole shareholder and its chief executive officer and Barry was Inet's director of administration. After the transaction, Colaco became Cavotec Inet US, Inc.'s president and a member of its board of directors, and Barry became the company's chief financial officer.
Following a lengthy trial, the jury…
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