Brother Usurps Family Corporate Opportunity

Business Valuation UpdateVol. 3 No. 5
Legal and Court Case Update
May 1997

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5411 Grocery Stores
445110 Supermarkets and Other Grocery Retailers (except Convenience Retailers)
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

Full Text of Court Cases
March 13, 1997

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.