Missala Marine Services, Inc. v. Jenny Kay Odom

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June 12, 2003

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0919 Miscellaneous Marine Products
114119 Other Marine Fishing
economic damages & lost profits
expert testimony, shareholder oppression, closely held corporation, fair market value (FMV), minority interest
Missala Marine Services, Inc. v. Jenny Kay Odom
No. 2000-CA-01192-SCT (Miss. 2003)
US
State Court
Mississippi
Supreme Court
H. Kenneth Lefoldt, Jr., CPA, Jerry Levens
Graves, Jr.

Summary

The Supreme Court of Mississippi affirmed a jury’s award of compensatory and punitive damages.
Missala Marine Services, Inc. v. Jenny Kay Odom
PDF, Size: 47 KB

See Also

Fair Market Value of Minority Interest Upheld in Corporate Freeze-Out

Legal and Court Case Update
December 2003

The issue in this stockholder oppression action was whether there was sufficient evidence to support the jury award of $120,000 in compensatory damages to Jenny Kay Odom, a 10% stockholder of Missala Marine Services Inc.