Lussier v. Mau-Van Development, Inc. II

OPINION OF THE COURT BY

TANAKA, J.

This shareholder’s derivative action is a sequel to a prior derivative case, Lussier v. Mau-Van Development, Inc., 4 Haw. App. 359, 667 P.2d 804 (1983) (hereinafter “Lussier I”), and involves the construction of Hawaii Revised Statutes (HRS) § 416-35 (Supp. 1982). In this derivative case, plaintiff Marcel Lussier (Lussier) appeals from the judgment which dismissed his complaint with prejudice. We reverse.

Defendants Wilhelm Kainz (Kainz), Arnold Honigman (Honigman), and Curt Schlamann (Schlamann), together with Lussier, are the directors of defendant Mau-Van…