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

Business Valuation UpdateVol. 5 No. 2
Legal and Court Case Update
February 1999
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
State Court
Supreme Court
Wilkins, Abrams, Lynch, Greaney, Fried, Marshall


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

At issue is the admittance of expert testimony.