Polsky v. Virnich

¶ 1. Daniel Virnich and Jack Moores appeal the circuit court's judgment against them on a $6.5 million jury verdict in favor of Communications Froducts Corporation. The two men were officers of Communications Froducts, as well as its sole owners. The claims in this action were brought by a receiver, alleging that Virnich and Moores breached their fiduciary duties to the corporation. Virnich and Moores argue that the receiver's claims are barred under Beloit Liquidating Trust v. Grade, 2004 WI 39, 270 Wis. 2d 356, 677 N.W.2d 298. We agree that Beloit Liquidating controls and, accordingly,…