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SCHWARTZMAN v. SCHWARTZMAN PACKING CO.

No. 14031.

659 P.2d 888 (1983)

99 N.M. 436

J.C. SCHWARTZMAN, Sue Schwartzman, Charlene S. Agenbroad, Jaylene S. Lovelace and Jolyne F. Schwartzman, Plaintiffs-Appellants, v. SCHWARTZMAN PACKING COMPANY, a New Mexico corporation, Ethel Volden, Harold Volden, Alfred Volden, Gary Schwartzman and Gertrude Schwartzman, individually and as the personal representatives of the Estate of Alfred Schwartzman, Deceased, Defendants-Appellees.

Supreme Court of New Mexico.

Rehearing Denied March 8, 1983.

Attorney(s) appearing for the Case

Michael Keeley, David N. Hernandez, Albuquerque, for plaintiffs-appellants.

George T. Harris, Jr., Modrall, Sperling, Roehl, Harris & Sisk, Albuquerque, for Schwartzman Packing, defendants-appellees.

J. Mel Eaves, Peter Lindborg, Eaves & Darling, Albuquerque, for Volden & Gertrude Schwartzman, defendants-appellees.

Kaiser Michael, Albuquerque, for Gary Schwartzman, defendant-appellee.

OPINION

FEDERICI, Justice.

Appellants (plaintiffs) brought this action against appellees (defendants) in the District Court of Bernalillo County. Plaintiffs are minority shareholders in Schwartzman Packing Company (Company), a New Mexico closely held family corporation. They alleged that the defendants, the majority shareholders of the Company, and the Company itself, engaged in various wilful acts of oppressive conduct toward the plaintiffs, resulting in...

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