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NAAS v. LUCAS

146,298; CA A38107.

739 P.2d 1051 (1987)

86 Or.App. 406

Eldon H. NAAS, John A. Studer, Roberta L. Lady, and U.S. Lumber Sales, Inc., an Oregon Corporation, Appellants, v. Virgil LUCAS, Respondent.

Court of Appeals of Oregon.

Decided July 22, 1987.

Attorney(s) appearing for the Case

Dale L. Crandall, Salem, argued the cause and filed the briefs for appellants.

R. Craig McMillin, Salem, argued the cause for respondent. With him on the brief was Mills & McMillin, Salem.

Before WARDEN, P.J., and VAN HOOMISSEN and YOUNG, JJ.

WARDEN, Presiding Judge.

Plaintiffs1 allege that defendant, as an officer and director of USLS, breached his fiduciary duties to USLS and violated ORS 57.265 and ORS 57.511 by distributing, without authorization, USLS' assets to a company in which he had a financial interest and to himself. Plaintiffs alternatively allege that defendant converted those assets. At the close of all the evidence, the trial court granted defendant's motion...

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