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STEELMAN v. MALLORY

No. 15619.

716 P.2d 1282 (1986)

110 Idaho 510

Kenneth STEELMAN, Plaintiff-Respondent, v. Larry D. MALLORY, O. Richard Jensen, and L.D.K., Inc., an Idaho corporation, Defendant-Appellants.

Supreme Court of Idaho.

Rehearing Denied April 29, 1986.

Attorney(s) appearing for the Case

Lloyd J. Webb of Webb, Burton, Carlson, Pedersen & Paine, Twin Falls, and Thomas H. Church of Church, Church, Snow & Tuft, Burley, for defendants-appellants.

Roger D. Ling of Ling, Nielsen & Robinson, Rupert, for plaintiff-respondent.

BAKES, Justice.

Steelman, a minority shareholder, filed a complaint alleging breach of fiduciary duty by the majority shareholders/directors in the management of L.D.K., Inc., a closely held corporation. Mallory, Jensen and L.D.K., Inc., appeal from a judgment awarding Steelman $10,220.22 in damages, $2,145 in attorney fees, and $264.30 in costs. We affirm in part and reverse in part.

In 1973 Mallory, Jensen and Steelman incorporated L.D.K., Inc., as an Idaho...

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