Judicial Appraisal Exclusive Remedy for Indiana Shareholders

Business Valuation Update BVLaw
Legal and Court Case Update
November 6, 1998
3499 Fabricated Metal Products, NEC
332439 Other Metal Container Manufacturing
dissenting shareholder
fair value, breach of fiduciary duty, fraud, minority shareholder

Settles v. Leslie
701 N.E.2d 849, 1998 Ind. App. LEXIS 1959
US
State Court
Indiana
Court of Appeals
Joseph S. La Rosa (for plaintiff)
Amestoy

Summary

Plaintiffs were minority shareholders of Mi-Tech Metals Inc., an Indiana corporation.

See Also

Settles v. Leslie

At issue is the clamin by minority shareholders of a closely held corporation of breach of fiduciary duty by the corporation's majority shareholders, who allegedly missappropriated corporate funds.