Day v. Bicknell Minerals, Inc.

CONOVER, Judge.

Defendants and cross-complainants, Day, et al. (shareholders), appeal the entry of partial summary judgment against them on their cross-complaint.

We affirm.

ISSUE

At issue is whether the trial court erred by entering partial summary judgment in favor of Bicknell on shareholders' cross-complaint.

FACTS

In the summer of 1980, Union Miniere, S.A., a Belgian corporation, and its subsidiary, Union Mines, Inc., a Maryland corporation, (together U.M.) began negotiating with the shareholders of Bicknell Minerals, Inc. (BMI) for the purchase of BMI. Throughout these negotiations U.M. was…