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GRAND ISLE CAMPSITES, INCORPORATED v. CHEEK

No. 8335.

249 So.2d 268 (1971)

GRAND ISLE CAMPSITES, INCORPORATED, Plaintiff-Appellant, v. Richard E. CHEEK and Edward v. Fetzer, Defendant-Appellee.

Court of Appeal of Louisiana, First Circuit.

Rehearing Denied June 30, 1971.

Attorney(s) appearing for the Case

Lawrence B. Sandoz, Jr., of Sandoz, Sandoz & Schiff, Opelousas, for plaintiff-appellant.

Frank P. Simoneaux, of Breazeale, Sachse & Wilson, Donald S. Zuber, of Seale, Smith, Baine & Phelps, Baton Rouge, for defendant-appellee; Edward V. Fetzer, in pro. per.

Before LOTTINGER, SARTAIN and TUCKER, JJ.

SARTAIN, Judge.

The plaintiff, Grand Isle Campsites, Inc., instituted this action against Richard E. Cheek for the recovery of $125,000.00 which represented the amount of an alleged secret profit made by Cheek resulting from the purchase of real estate by the corporation. Plaintiff alleged that Cheek was a promoter or de facto director of the corporation and as such owed a fiduciary duty not to make a secret profit on the transaction at the expense of the corporation...

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