[DOWNLOAD] "Mechel Dotlich v. Sam Dotlich" by Supreme Judicial Court of Massachusetts # eBook PDF Kindle ePub Free
eBook details
- Title: Mechel Dotlich v. Sam Dotlich
- Author : Supreme Judicial Court of Massachusetts
- Release Date : January 13, 1985
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 75 KB
Description
This is a shareholders derivative action brought on behalf of Dotlich Brothers Corporation by Sam Dotlich a Director and shareholder. Mechel Dotlich and Monnie Dotlich appeal from special findings of fact and a judgment against them for fraud and breach of their respective fiduciary duties as directors of the corporation. A constructive trust was imposed on property held by Monnie Dotlich ordering him to convey it to the corporation. Monnie was assessed $9,288 in compensatory damages and $20,000 in punitive damages. Mechel, Merko, and Sam Dotlich were ordered to reimburse the corporation for their homes according to their respective values as of 1978. Mechel and Monnie were also assessed $351,252.25 in attorney fees and costs. Finally, a receiver was appointed to take over the business of the corporation. We reverse the attorney fee award and punitive damage award against Mechel. In all other respects we affirm.