'Fair Value' Relevant to Fiduciaries' Liability for Breach of Duty

Business Valuation UpdateVol. 5 No. 2
Legal and Court Case Update
February 1999

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5411 Grocery Stores
445110 Supermarkets and Other Grocery Retailers (except Convenience Retailers)
breach of fiduciary duty
fair value, breach of fiduciary duty, fair market value (FMV), fraud
Demoulas v. Demoulas
424 Mass. 501, 677 N.E.2d 159, 1997 Mass. LEXIS 66
December 22, 1998
US
State Court
Massachusetts
Supreme Court
Wilkins, Abrams, Lynch, Greaney, Fried, Marshall

Summary

Plaintiffs filed this shareholder derivative action seeking damages against defendant Telemachus Demoulas for fraud, conversion, and breach of fiduciary duty arising out of his conduct as co-executor of the estate of George Demoulas.

See Also

Demoulas v. Demoulas

Full Text of Court Cases
December 22, 1998

At issue is the admittance of expert testimony.