Milstead v. Bradshaw

By Judge John C. Morrison, Jr.

On March 22,1996, this court took under advisement the issues raised in defendants’ demurrer to Milstead’s amended bill of complaint which set forth a personal cause of action. This court now sustains die demurrer and dismisses Milstead’s personal action (C95-1576). It is die court’s determination that a shareholder’s derivative suit is the appropriate proceeding to institute against defendants.

Most recently, die parties appeared before this court on defendants’ motion for summary judgment. This court has considered counsel’s argumente, supporting briefs, and…