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RIVER MGT. CORP. v. LODGE PROPERTIES

No. 89CA1068.

829 P.2d 398 (1991)

RIVER MANAGEMENT CORPORATION, Plaintiff-Appellee, v. LODGE PROPERTIES INC., and Orient-Express Hotels Inc., formerly Seaco Inc., Defendants-Appellants, v. Allen P. BEBEE, Third-Party Defendant-Appellee.

Colorado Court of Appeals, Div. V.

As Modified on Denial of Rehearing June 6, 1991.

Attorney(s) appearing for the Case

Berniger, Berg, Rioth & Diver, P.C., Joseph W. Diver, Colorado Springs, for plaintiff-appellee and third-party defendant-appellee.

Holland & Hart, Gordon G. Griener, A. Bruce Jones, Denver, for defendants-appellants.

Opinion by Judge DAVIDSON.

Defendants, Lodge Properties, Inc. (LPI) and its majority shareholder, Orient-Express Hotels, Inc., (OEH) appeal the entry of judgment after a bench trial in favor of the minority shareholder, River Management Corporation (RMC) on its claims of breach of fiduciary duty, and waste and mismanagement of corporate assets. LPI and OEH also appeal the trial court's order granting RMC damages for undervaluation of its stock. We affirm in part,...

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