[Download] "Lynch v. Patterson" by Supreme Court of Wyoming # Book PDF Kindle ePub Free
eBook details
- Title: Lynch v. Patterson
- Author : Supreme Court of Wyoming
- Release Date : January 14, 1985
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 65 KB
Description
These appeals stem from a stockholders derivative action brought by Pat Patterson, a minority stockholder of Lynch Consulting Services, Inc., to recover damages allegedly resulting from actions taken by the three corporate directors in violation of their fiduciary duties to the corporation. The defendant directors and corporation counterclaimed against Patterson, alleging that he breached his fiduciary duties as a former director by entering into competition with Lynch Consulting Services, Inc. Following trial, the district court ruled that directors Birl Lynch and R.C. Lynch had engaged in certain instances of self-dealing that were unfair to the corporation, and awarded Patterson $79,800 in damages. The court dismissed Pattersons claims against director Eunice Lynch and Lynch Management Services, a partnership made up of defendants Birl Lynch and R.C. Lynch. The court also dismissed the counterclaim against Patterson. We will direct correction of computation errors and affirm the judgment in all respects.