Harper v. Lovelace

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April 28, 1999

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3312 Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills
331110 Iron and Steel Mills and Ferroalloy Manufacturing
ESOP valuations
breach of fiduciary duty, employee stock ownership plan (ESOP)
Harper v. Lovelace
1999 Ark. App. LEXIS 318
US
State Court
Arkansas
Court of Appeals
Charles Venus (for appellants) Mercer Capital (for appellees)
Robbins

Summary

At issue is whether or not Caldwell's Board of Directors violated their fiduciary duty to appellants in the course of negotiating the sale of Caldwell to Contech.

See Also

Shareholder Dispute Cases

Legal and Court Case Update
April 28, 1999

In this case, the court upheld a Chancery Court decision that the board of directors of a company did not violate its fiduciary duty in organizing the sale of the company's stock to a competitor.