Defense Judgment in a Shareholder Dispute

Outcome: Defense Judgment

Description: Gregory G. Brown received a defense judgment after a nine-day bench trial in a shareholder dispute. The Plaintiff, a 15% shareholder, alleged breach of fiduciary duty, breach of contract, and fraud. Plaintiff alleged the officers of the corporation had breached their fiduciary duties by mismanaging the business and misappropriating corporate assets. Prior to trial, defendants submitted "998 offers" for a total of $270,000, which were not accepted. Plaintiff claimed, at one point, close to a million dollars in damages.