Chiles v. Robertson

This appeal involves two cases that were consolidated for trial and on appeal. Chiles v. Robertson, the primary case, is a combined shareholders’ derivative and direct action. Plaintiffs are minority shareholders in six closely held real estate companies (RECs). The RECs and their predecessors were created over several decades for the purpose of building and owning stores that they leased to Fred Meyer, Inc., an Oregon corporation (Old FMI). Defendants are Old FMI, which owned the majority of the RECs’ shares, several entities that participated in the purchase of Old FMI through a leveraged…