Breach of Directors' Fiduciary Duty Gains Dissenters Expanded Remedy

Business Valuation UpdateVol. 4 No. 3
Legal and Court Case Update
March 1998

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6311 Life Insurance
524113 Direct Life Insurance Carriers
breach of fiduciary duty
M&W, Inc. v. Pacific Guardian Life Insurance Co.
88 Haw. 372, 966 P.2d 1098, 1998 Haw. App. LEXIS 5
January 30, 1998
US
State Court
Hawaii
Court of Appeals
Robert Reilly (for Pacific Guardian)
Burns

Summary

The court in this case concluded that "the sole purpose of eliminating the minority stockholders" did not constitute a "proper business purpose" for a squeeze-out merger.

See Also

M&W, Inc. v. Pacific Guardian Life Insurance Co.

Full Text of Court Cases
January 30, 1998

The Decision Previously Reported at this Citation has been Depublished and Withdrawn at the Request of the Court Order of Depublication Reported at: 1998 Haw. LEXIS 340.