STEWART v. RICHARDSON

A91A1755.

201 Ga. App. 312 (1991)

411 S.E.2d 309

STEWART et al. v. RICHARDSON.

Court of Appeals of Georgia.

Reconsideration Denied September 25, 1991.


Attorney(s) appearing for the Case

William A. Wehunt, for appellants.

Chesnut & Livingston, Tom Pye, for appellee.


McMURRAY, Presiding Judge.

This is a stockholders' derivative action brought by two minority stockholders, plaintiffs Flowers and Stewart, against the majority stockholder, defendant Richardson. Plaintiffs sought damages by reason of the sale of substantially all of the assets of Residential Brokers, Inc., without notice to the minority stockholders. Plaintiffs appeal from the grant of summary judgment in favor of defendant. Held:

The uncontradicted...

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