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DEVEREUX v. BERGER

[No. 472, September Term, 1970.]

264 Md. 20 (1971)

284 A.2d 605

DEVEREUX ET AL. v. BERGER

Court of Appeals of Maryland.

Motion for rehearing filed January 14, 1972.

Denied January 18, 1972.

Attorney(s) appearing for the Case

Sheldon P. Schuman, with whom were Koepenick, Patterson & Schuman on the brief, for appellants.

Stanley J. Marcuss, with whom was Murray Deutchman on the brief, for appellee.

The cause was argued before HAMMOND, C.J., and BARNES, FINAN, SINGLEY and SMITH, JJ.

BARNES, J., delivered the opinion of the Court.

In this appeal, the principal question presented to us is whether the Circuit Court for Montgomery County (Shook, J.) erred in concluding that the appellant, C. Kemp Devereux, as president, chief executive officer, controlling stockholder and a director of both Metropolitan Acceptance Corporation (MAC) and Blair's Television & Music Company (Blair's), was guilty of gross negligence, culpable mismanagement and waste...

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