In Re Marriage of Connolly

Opinion

RICHARDSON, J.

This case involves a contested marital dissolution proceeding in which, after trial, corporate stock conceded to be community property was awarded to husband, a director of the corporation. The issue presented is whether husband had a fiduciary obligation to inform wife of facts which might affect the stock’s value even though such information was readily ascertainable by wife or her counsel upon reasonable inquiry. We conclude that under the circumstances of this case husband had no such duty.

Wife and husband were married April 16, 1961, in Los Angeles and they have…