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AQUA-CULTURE TECHNOLOGIES, LTD. v. HOLLY

No. 89-CA-01202-SCT.

677 So.2d 171 (1996)

AQUA-CULTURE TECHNOLOGIES, LTD., Jack Summers, John Haigh, Henry Reed and Dr. Milton Segal v. Dr. Sandra F. HOLLY.

Supreme Court of Mississippi.

May 30, 1996.

Attorney(s) appearing for the Case

Michael Farrell, David M. McMullan, Jr., Wells More Simmons & Neeld, Jackson, for Appellants.

John G. Corlew, Virginia T. Munford, Watkins & Eager, Jackson, for Appellee.

En Banc.

PRATHER, Presiding Justice, for the Court:

This is an appeal of a $245,819.36 judgment of the First Judicial District of Hinds County Chancery Court entered against International Mari-Culture Technologies, Ltd. (IMT), Jack Summers, John Haigh and Aqua-Culture Technologies, Ltd. (ATL), in favor of IMT shareholders and their representative, Dr. Sandra Holly, in a shareholder derivative action.1 Dr. Holly alleged that certain IMT officers...

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