Gentry v. Lakey

Plaintiff-appellees, each owning 25% of the corporate stock, filed a complaint against defendant, owner of the remaining 50% of the stock, for fraud, misappropriation of corporate funds, and an accounting. After a trial by the court, a judgment of $67,359.92 was granted to the plaintiffs.

A corrected judgment making the award payable to the corporation instead of plaintiffs rendered moot several specifications of the Motion to Correct Errors. Several other specifications were waived in argument, leaving these matters for our decision:

1. Failure by the trial court to allow to the defendant a…