THERIOT v. BOURG

No. 96 CA 0466.

691 So.2d 213 (1997)

Gertie THERIOT, Nora B. Breaux, and The Harry Bourg Corporation v. Carl J. BOURG, Robert J. Martin, Jr., Dorothy B. Bergeron, Mildred B. Voisin, Evelina B. Gallier, and Bourg Mariculture, Inc.

Court of Appeal of Louisiana, First Circuit.

Rehearing Denied April 2, 1997.


Attorney(s) appearing for the Case

Robert B. Butler, III, Houma, and Remy Chaisson, Thibodaux, for Plaintiffs-Appellees.

Claude Reynaud, Jr., Baton Rouge, for Defendants-Appellants Carl J. Bourg, Robert L. Martin, Jr., Dorothy B. Bergeron, Mildred B. Voisin, and Evelina B. Gallier.

Dennis J. Hauge, Houma, for Defendant-Appellee Harry Bourg Corp.

Before LOTTINGER, C.J., and FOIL and FOGG, JJ.


FOGG, Judge.

This action is a shareholder's derivative suit brought by two minority directors on behalf of the Harry Bourg Corporation ("HBC") against five majority directors to redress severe losses which occurred from 1988 through 1992. After trial by jury, judgment was rendered in favor of the plaintiffs in the sum of $5,798,441.00. The majority directors appeal. We affirm.

HBC is a closely-held corporation which has, as its principal asset, approximately...

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