Albers v. Edelson Technology Partners L.P.

OPINION

BERCH, Judge.

¶ 1 The trial court dismissed Appellants’ five-count complaint on the grounds that they did not follow the applicable procedures for filing a derivative action and did not state claims for individual relief. We affirm the dismissal of count four, but reverse as to all or parts of the remaining counts.

BACKGROUND

¶ 2 Appellant Albers Air Conditioning Corporation (“AACC”) is an Arizona corporation that specializes in air conditioning technology. One of AACC’s shareholders, Appellant Albers Technology Corporation (“ATC”), owns patents on air conditioning technology, which it…