McKesson Corp. v. Green

Phipps, Judge.

These companion appeals arise from two actions brought by shareholders of a company seeking to recover their losses in connection with a sharp decline in the price of the company’s stock. Alleging various theories of recovery, the shareholders sued corporate entities and former officers; and the defendants responded with numerous motions, including motions for summary judgment. Because the shareholders failed to demonstrate essential elements of their fraud and civil conspiracy claims, the trial court erred in denying summary judgment on those claims. One of the individual…