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McLEOD v. STEVENS

No. 78-1887.

617 F.2d 1038 (1980)

Michele McLEOD, by and through her Guardian ad Litem, Marlene B. McLeod, Appellee, v. James P. STEVENS, J. Bryan Floyd, Davis Heniford, Jr., Wendel E. Jones, Milton Clemons and Thomas M. Stevens a/k/a Thomas M. McLeod, individually and as officers and directors of Sandy Island Corporation, a corporation, and Sandy Island Corporation, a corporation, Appellants.

United States Court of Appeals, Fourth Circuit.

Decided February 29, 1980.

Attorney(s) appearing for the Case

John A. Martin, Winnsboro (James B. Richardson, Jr., Darra Williamson Cothran, Columbia, S. C., on brief), for appellants.

D. W. Green, Jr., Conway, S. C. (Burroughs Green & Sasser, Conway S. C., on brief), for appellee.

Before BUTZNER, FIELD and WIDENER, Circuit Judges.

BUTZNER, Circuit Judge:

In this diversity action governed by South Carolina law, the district court held that the appellants, six shareholders and officers of the Sandy Island Corporation, violated the statutory and equitable rights of a minority shareholder, Michele McLeod. We find no error in the court's determination of liability and in the equitable relief it ordered, but we vacate the award of compensatory and punitive damages.

Five of the six appellants...

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