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SYSTEM DYNAMICS INTERN., INC. v. BOYKIN

1950522.

683 So.2d 419 (1996)

SYSTEM DYNAMICS INTERNATIONAL, INC. v. William H. BOYKIN, Jr.

Supreme Court of Alabama.

October 18, 1996.

Attorney(s) appearing for the Case

Don A. Howard, Huntsville, for Appellant.

Julian D. Butler of Sirote & Permutt, P.C., Huntsville, for Appellee.

KENNEDY, Justice.

System Dynamics International, Inc. ("SDI"), sued Dr. William H. Boykin, Jr., alleging that Boykin had breached his fiduciary duty as a shareholder, director, and chief executive officer of SDI. SDI sought from Boykin reimbursement of funds that SDI had paid to the Internal Revenue Service pursuant to an audit and a subsequent tax assessment. The assessment was a result of certain payments Boykin had had SDI make to Boykin as CEO of SDI. The IRS...

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