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DeCARVALHO v. GONSALVES

No. 640-M. P.

262 A.2d 630 (1970)

Manuel A. DeCARVALHO v. Henry GONSALVES et al.

Supreme Court of Rhode Island.

February 23, 1970.

Attorney(s) appearing for the Case

Arcaro, Belilove & Kolodney, Abraham Belilove, Providence, for plaintiff.

John F. Sherlock, Jr., Providence, Francis R. Foley, Pawtucket, for defendants.

OPINION

KELLEHER, Justice.

This is a stockholder's suit in which the plaintiff, in seeking an accounting and injunctive relief, alleges that the individual defendants have violated their fiduciary duty as directors of one corporation by conspiring to divert profits, business opportunities and good will from the corporation in which the plaintiff holds stock to a second corporation in which the individual defendants are the majority stockholders. We have...

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