MEDICAL AIR TECHNOLOGY CORP. v. MARWAN INV., INC.

No. 01-2348.

303 F.3d 11 (2002)

MEDICAL AIR TECHNOLOGY CORPORATION, Plaintiff, Appellant, v. MARWAN INVESTMENT, INC.; Marwani Holding Company, N.V.; Multifinance Holding Corporation; and Dr. K. Philip Rahbany, Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided August 14, 2002.


Attorney(s) appearing for the Case

Louis N. Massery with whom Massery & Gillis, LLP, Albert L. Farrah Jr., and Corwin & Corwin, LLP were on brief for appellant.

James W. Prendergast with whom Michael G. Bongiorno, Peter J. Kolovos, Barbara Van Gorder, and Hale and Dorr LLP were on brief for appellees.

Before TORRUELLA, Circuit Judge, COFFIN, Senior Circuit Judge, and LYNCH, Circuit Judge.


LYNCH, Circuit Judge.

Medical Air Technology appeals a judgment rendered after a bench trial involving a closely held corporation's financial travails and allegations of fiduciary violations by one of its investors. The plaintiff Medical Air, the closely held corporation, presents two claims of error: 1) that the district court applied the wrong legal standard for a shareholder's fiduciary duty to a closely held corporation...

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