Gallagher v. McKinnon

Blackburn, Presiding Judge.

These related cases regard Daniel John Gallagher’s “hostile takeover” of Peliton, Inc., a close corporation, from its other director and shareholders. Both cases center on misrepresentations made by Gallagher to Thomas Robert McKinnon, Jr. in order to unduly coerce McKinnon to agree to an issuance of additional company stock to Gallagher, thereby giving Gallagher sole control of Peliton.

In Case No. A05A0415, following a jury trial, Gallagher, the acting president of Peliton,1 appeals the trial court’s rulings invalidating the issuance of a controlling share of…