OSTROWSKI v. AVERY

(SC 15655)

243 Conn. 355 (1997)

JAMES P. OSTROWSKI ET AL. v. CRAIG AVERY ET AL.

Supreme Court of Connecticut.

Officially released December 9, 1997.


Attorney(s) appearing for the Case

Robert A. Harris, for the appellants-appellees (plaintiffs).

Dion W. Moore, with whom was Robert Berta, for the appellees-appellants (named defendant et al.).

Callahan, C. J., and Borden, Katz, Palmer and Peters, JS.


Opinion

PETERS, J.

This case raises important issues concerning the procedural and substantive rules governing claims of fiduciary misconduct in general and usurpation of a corporate opportunity in particular. The plaintiffs, minority shareholders of Avery Abrasives, Inc. (Avery Abrasives), a manufacturer of abrasive cutting wheels, brought this action in their individual capacities and derivatively on behalf of that corporation pursuant to General...

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