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VAN SCHAACK HOLDINGS v. VAN SCHAACK

No. 93SC92.

867 P.2d 892 (1994)

VAN SCHAACK HOLDINGS, LTD., a limited Colorado partnership and successor-in-interest to Van Schaack Corporation, a Colorado corporation; Henry C. Van Schaack, III; Anthony J. Combs; David V.S. Knowles; Thomas B. Knowles, Jr.; Allan R. Phipps; C.W. Schoelzel; and Harry B. Combs, Jr., individually, Petitioners, v. Beth Ellen VAN SCHAACK, Respondent.

Supreme Court of Colorado, En Banc.

January 31, 1994.

Attorney(s) appearing for the Case

Brenman Raskin & Freidlob, P.C., Richard H. Goldberg, Edmund L. Epstein, Denver, for petitioners.

Hart & Trinen, Donald T. Trinen, John F. McBride, Denver, for respondent.

Chief Justice ROVIRA delivered the Opinion of the Court.

We granted certiorari to review the court of appeals decision in Van Schaack v. Van Schaack Holdings, Ltd., 856 P.2d 15 (Colo. App.1992), which held that the "special facts" doctrine sets forth the applicable fiduciary duty owed by the officers and directors of a closed corporation when purchasing the stock of a minority shareholder...

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