Naas v. Lucas

Plaintiffs 1 allege that defendant, as an officer and director of USLS, breached his fiduciary duties to USLS and violated ORS 57.265 and ORS 57.511 by distributing, without authorization, USLS’ assets to a company in which he had a financial interest and to himself. Plaintiffs alternatively allege that defendant converted those assets. At the close of all the evidence, the trial court granted defendant’s motion for a directed verdict on the conversion claim. The jury returned a verdict for defendant on the other claims. Plaintiffs appeal, assigning error to the denial of their motions for…