Brother Usurps Family Corporate Opportunity

Business Valuation UpdateVol. 3 No. 5
Legal and Court Case Update
May 1997
5411 Grocery Stores
445110 Supermarkets and Other Grocery (except Convenience) Stores
malpractice (legal)
damages

Demoulas v. Demoulas Supermarkets
424 Mass. 501, 677 N.E.2d 159
March 13, 1997
US
State Court
Massachusetts
Supreme Court
Greaney

Summary

The plaintiff, Arthur S. Demoulas, brought a stockholders' derivative action (see sidebar for definition), alleging that defendants usurped corporate opportunities.

See Also

Demoulas v. Demoulas Supermarkets

At issue is whether the defendants wrongfully, and in breach of fiduciary duties, usurped corporate opportunities that should have been presented to DSM and Valley.