Argo Data Resource Corp. v. Shagrithaya

OPINION

Opinion By

Justice MORRIS.

In this case we address a claim of minority shareholder oppression. Balkrishna Shagrithaya, the sole minority shareholder of ARGO Data Resource Corporation, brought this suit individually and on behalf of ARGO against both ARGO and Max Martin, the sole majority shareholder. Following a jury trial, the trial court signed a judgment in favor of Shagrithaya ordering Martin to cause ARGO to issue a one-time $85 million dividend as equitable relief for Martin’s alleged oppressive conduct. The judgment further awarded Shagrithaya damages for breach of contract and…