Michaud v. Morris

ON APPLICATION FOR REHEARING

On September 20, 1991, this Court issued its original opinion in this case. A majority of the Court summarily affirmed the judgment in this case. Justice Maddox concurred in the affirmance as to the derivative claim but dissented from the affirmance as to that portion of the judgment in favor of the minority stockholder against the majority stockholders. Justice Houston, joined by Justice Steagall, dissented as to both. The Court heard oral argument in support of, and in opposition to, the appellants' application for rehearing. The application is granted; the…