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COMPUTER TASK GROUP, INC. v. PEIERLS

No. 5D01-1540.

810 So.2d 977 (2002)

COMPUTER TASK GROUP, INC., Appellant/Cross-Appellee, v. E. Jeffrey PEIERLS, et al., Appellees/Cross-Appellants.

District Court of Appeal of Florida, Fifth District.

Rehearing Denied March 19, 2002.

Attorney(s) appearing for the Case

Ted B. Edwards of Smith, Mackinnon, P.A., Orlando, for Appellant/Cross-Appellee.

Jonathan D. Kaney, Jr. and Heather Bond Vargas of Cobb, Cole & Bell, Daytona Beach, and Joseph E. Miniclier of Stromire, Bistline, Miniclier & Griffith, Cocoa, for Appellees/Cross-Appellants.

PETERSON, J.

This appeal presents the question of whether the trial court abused its discretion when it awarded compound interest under section 607.247(8), Florida Statutes (1987), to dissenting shareholders in a corporate merger who had perfected their rights to receive payment for the fair market value of their shares pursuant to the same statute.

The merger took place on February 25, 1988 and when the fair market value of the shares owned by the dissenting...

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