MORAD v. COUPOUNAS

SC 2818.

361 So.2d 6 (1978)

Joseph F. MORAD et al. v. George D. COUPOUNAS, etc., et al.

Supreme Court of Alabama.

July 21, 1978.


Attorney(s) appearing for the Case

Lawrence B. Clark and Virginia A. Emerson, Birmingham, for appellants.

Michael L. Edwards and Thomas J. Gallo, Birmingham, for appellees.


FAULKNER, Justice.

This is an appeal by Med-Lab, Inc. and its stockholders from a final decree finding them liable for misappropriation of the corporate opportunity of Bio-Lab, Inc., and ordering them to offer 30% of the stock of Med-Lab to Coupounas. We affirm the order that Med-Lab is liable to Bio-Lab, but reverse and remand as to the remedy ordered by the trial court.

Bio-Lab, Inc. was formed in 1972 by Joseph Morad, Joseph Thomson, George Coupounas, and...

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