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breach of fiduciary duty

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I

isadora

Guest
I am looking for references to legal cases that involve breach of contract and breach of fiduciary duty involving two closely related businesses. I am currently the plaintiff (Californai) in such a case where Company A and Company B had interlocking corporate officers and boards of directors. Any sugestions would be most welcome.

Thank you,
Isadora
 


C

counsel

Guest
You haven't provided enough details. What are the allegations of the case? What was the conduct that was unlawful?
 
I

isadora

Guest
I am the minority shareholder in Company A (25%) and I am alleging breach of fiduciary duty and breach of contract breach, as I was also an employee of the company and was not paid my accrued salary and a note.

Compay B was formed by the chairman of the board of directors of company A. He loaded the board of directors of company A with his friends who were also officers and directors of Company B. These individuals used the facilities of Company A to raise funds for Company B, actively devalued Company A, then loaned money to company A. When Company A was on the brink of going out of buseinss, Company B made an offer to acquire Company A for the amount that had already been loaned. Since the majority of the directors of company A were officers and directors of Company B, there appeared to be a conspiracy to devalue company A and acquire its assets, mainly technology, for a song. I would like to see some case law that has dealt with these issues.

Isadora
 

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