RODRIGUEZ v. MONTALVO

Nos. 88-1102, 88-1103.

871 F.2d 163 (1989)

Roberto RODRIGUEZ, et al., Plaintiffs, Appellees, v. Mario MONTALVO, et al., Defendants, Appellees. Appeal of Waldemar V. RODRIGUEZ-SANTIAGO, Third-Party Defendant, Appellant. Roberto RODRIGUEZ, et al., Plaintiffs, Appellants, v. Mario MONTALVO, et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided March 22, 1989.


Attorney(s) appearing for the Case

Jorge Galva Rodriguez with whom Federico Ramirez Ros and Ramirez, Latimer & Biaggi, San Juan, P.R., were on brief, for plaintiffs, appellants.

A.J. Amadeo Murga with whom Amadeo & Oronoz Law Offices, Hato Rey, P.R., was on brief, for defendants, appellees.

Before CAMPBELL, Chief Judge, and BOWNES and BREYER, Circuit Judges.


BREYER, Circuit Judge.

The basic issue in this case concerns the value of plaintiffs' 65 percent share in Cadierno Corporation, a grocery and liquor distribution business. Plaintiffs sold their shares to defendant Montalvo (who owned the remaining 35 percent share) in 1982. At that time they thought their shares were nearly worthless. After the sale the business prospered. The plaintiffs then began to think that the defendant had deceived them about the value of their...

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