Brown v. Ward

I must respectfully dissent.

It should be noted that the leaders of Cook Inlet initially did not regard Ward’s letter as posing a serious problem for the corporation. Roy Huhndorf testified that when he received Ward’s letter on about April 12, he did not take immediate action, although he thought the letter was grossly misleading. It was only later, when it appeared that Ward was gathering an appreciable response, that a decision was made to seek injunctive relief. In addition, Huhn-dorf circulated a letter to the shareholders replying to Ward’s assertions. It read:

“Recently, you may have…