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SOLOMON v. ATLANTIS DEVELOPMENT, INC.

No. 403-81.

516 A.2d 132 (1986)

Dennis J. SOLOMON, et al. v. ATLANTIS DEVELOPMENT, INC., et al.

Supreme Court of Vermont.

Reargument Denied September 11, 1986.

Attorney(s) appearing for the Case

Dennis J. Solomon, pro se.

Cheney & Brock, P.C., Montpelier, for plaintiff-appellant Meledones.

Downs Rachlin & Martin, Burlington, for defendants-appellees.

Before HILL, UNDERWOOD and PECK, JJ., and BARNEY, C.J. (Ret.), and LARROW, J. (Ret.), Specially Assigned.

HILL, Justice.

This is a derivative action brought by plaintiffs, Solomon and Meledones, on their own behalf as shareholders of Atlantis Development, Inc. (Atlantis). Plaintiffs' complaint alleged, in pertinent part, that defendants, Malloy and Mordecai, acted in concert to force the sale of the corporation's assets to defendant Malloy in breach of their fiduciary relationship to the plaintiffs and to the corporation. Plaintiffs prayed for rescissory damages and an...

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