Judith A. Lawton et al. v. Robert Nyman et al.

Full Text of Court Cases
April 29, 2003
2656 Sanitary Food Containers, Except Folding
322219 Other Paperboard Container Manufacturing
breach of fiduciary duty
breach of fiduciary duty, minority shareholder, minority oppression

Judith A. Lawton et al. v. Robert Nyman et al.
327 F.3d 30, 2003 U.S. App. LEXIS 8069
Federal Court
1st Circuit
United States Court of Appeals
William Piccerelli (for directors and officers) <br> Steven Carlson (for minority shareholders)


Following trial, the district court found officers and directors with voting control of a closely held family corporation, Nyman Manufacturing Co., to be in breach.

See Also

Fair Value Damages Potentially Include Strategic Premium

One of the issues in this shareholder dispute was the proper measure of damages owed to minority shareholders who were bought out at substantially less than subsequent sale price to a strategic buyer.

Theory of Damages for Closely Held Company’s Officers’ Breach of Fiduciary Duty of Disclosure in Connection With Redemption of Corporate Stock Explored

The U.S. Court of Appeals considered the fiduciary duties between majority and minority shareholders in a closely held company and damages flowing from that breach.