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HALL v. STAHA

No. 92-338.

858 S.W.2d 672 (1993)

314 Ark. 71

Billy V. HALL, Albert P. Dunagin, John R. Meade, and Hall Enterprises, Inc., an Arkansas Corporation, Appellants, v. Monte J. STAHA, Jimmy H. Hatfield, Med-Max Associates Limited Partnership, MJS, Inc., RNI, Inc., and Dunhall Pharmaceuticals, Inc., an Arkansas Corporation, Appellees.

Supreme Court of Arkansas.

Supplemental Opinion Denying Rehearing September 27, 1993.

Attorney(s) appearing for the Case

John E. Pruniski, III, Dorcy Kyle Corbin, Little Rock, for appellants.

Stephen E. Adams, Peter G. Estes, Jr., Fayetteville, for appellees.

JAMES R. VAN DOVER, Special Associate Justice.

This is the second appeal of two consolidated actions of which a shareholders derivative action, filed by appellants under Rule 23.1, ARCP, remains.

Appellants, led by Dr. Billy Hall, are minority shareholders of Dunhall Pharmaceuticals, Inc. ("Dunhall"), a privately traded Arkansas corporation. Dr. Hall is one of Dunhall's organizers and the only member of its three...

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