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DRAPER v. HAY

No. 89-0047.

555 So.2d 1306 (1990)

Thomas DRAPER, Appellant, v. Frances M. HAY, John T. Hay and Acme Precision, Appellees.

District Court of Appeal of Florida, Fourth District.

January 24, 1990.

Attorney(s) appearing for the Case

Lawrence M. Kasen of Alagia, Day, Marshall, Mintmire & Chauvin, Miami, for appellant.

Thomas F. Luken, Fort Lauderdale, for appellees-Francis M. Hay and John T. Hay.

Joseph L. Mannikko of Frasier & Mannikko, Port St. Lucie, for appellee-Acme Precision Products, Inc.

PER CURIAM.

Affirmed on the authority of Martin v. Marlin, 529 So.2d 1174 (Fla. 3d DCA 1988).

The appellant, a minority shareholder in a close corporation, sued the appellees, former majority shareholders, for an alleged breach of fiduciary duty by selling the majority of shares in the corporation to a competing business. As a result of the sale appellant claims that his stock has decreased in value.

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