Van Schaack v. Van Schaack Holdings, Ltd.

Opinion by

Judge JONES.

In this action for breach of fiduciary duty, defendants, Van Schaack Holdings, Ltd., as successor in interest to Van Schaack Corporation, Henry C. Van Schaack III, Anthony M. Combs, Davis V.S. Knowles, Thomas B. Knowles, Jr., Allan R. Phipps, C.W. Schoelzel, and Harry B. Combs, Jr., appeal the judgment of the trial court entered on a jury verdict in favor of plaintiff, Beth Ellen Van Schaack. We affirm.

As the result of a financing arrangement in the late 1930s, H.C. Van Schaack, Sr. became a co-owner of a closely-held corporation known as Box Elder Farms Co. that owned…