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SIMPSON v. JOC COAL, INC.

677 S.W.2d 305 (1984)

James W. SIMPSON, Movant, v. JOC COAL, INC., JOC Coal (Kentucky) Inc., Joc Oil Exploration Company, Inc., Hydrocarbon Industries, Ltd., and JOC Oil Company, S.A., Respondents.

Supreme Court of Kentucky.

October 4, 1984.

Attorney(s) appearing for the Case

Paul E. Braden, Corbin, for movant.

Phillip Lewis, Hyden, Gerald W. Simmons, Cincinnati, Ohio, for respondents.

LEIBSON, Justice.

Movant, James W. Simpson, a minority shareholder in Skyuka Mining Corporation, recovered judgment in Clay Circuit Court against respondents, the JOC Companies, for $907,603.92, representing the value of Simpson's twenty-three (23) shares of stock in Skyuka as determined by the trial judge. This value was determined by computing the price per share the JOC Companies had agreed to pay to the majority shareholders under an agreement dated September...

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