FERGESON v. LOE

No. 16311-CA.

451 So.2d 688 (1984)

Beverly FERGESON et al., Plaintiffs-Appellants, v. Sherwood Bruce LOE, Defendant-Appellee.

Court of Appeal of Louisiana, Second Circuit.

June 6, 1984.


Attorney(s) appearing for the Case

Brown, Williams & Tucker by Jack A. Williams, Shreveport, for plaintiffs-appellants.

Smitherman, Lunn, Chastain & Hill by Richard S. Schmidt, Shreveport, for defendant-appellee.

Before MARVIN, FRED W. JONES, Jr. and SEXTON, JJ.


FRED W. JONES, Jr., Judge.

In this suit against the managing agent of a family corporation and partnership for damages for mismanagement, plaintiffs were simply awarded their portion of the remaining cash assets of the partnership. Plaintiffs appealed, contending the trial court erred in concluding the defendant was a reasonable and prudent administrator of the family business, in not awarding them damages, and in assessing them with one-half of the court costs.<...

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