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DUNBAR v. WILLIAMS

No. CA-8330.

554 So.2d 56 (1988)

Childs E. DUNBAR, Jr., Marine Vessels, Inc., on Behalf of Algiers Iron Works and Dry Dock Co., Inc. v. Thomas Sewell WILLIAMS, Mrs. Patricia Williams, Edgar W. Williams, Elmer P. Grundmeyer, Jr., D.D.S., and Mrs. Flora Belle B. Grundmeyer, et al.

Court of Appeal of Louisiana, Fourth Circuit.

On Rehearing May 9, 1989.

On Second Rehearing November 16, 1989.

Attorney(s) appearing for the Case

Charles K. Reasonover, Harry S. Anderson, Bernard Marcus, Deutsch, Kerrigan & Stiles, New Orleans, for plaintiffs-appellants.

Thomas R. Blum, Judy Perry Martinez, Charles C. Coffee, Denise Puente, Simon, Peragine, Smith & Redfearn, New Orleans, for defendants-appellees.

Before BARRY, ARMSTRONG and PLOTKIN, JJ.

BARRY, Judge.

The minority stockholders of Algiers Iron Works and Dry Dock Co., Inc. (AIW) brought this derivative suit against the majority stockholders to recover damages allegedly suffered over a ten-year period (1974-1984) by the corporation which is engaged in the repair of small vessels. Additionally, plaintiff Childs E. Dunbar, Jr. urges a claim for the wrongful termination of his employment from the corporation.

After thirty-two days of testimony the...

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