LAWTON v. NYMAN

Nos. 02-1371, 02-1407.

327 F.3d 30 (2003)

Judith A. LAWTON; Thomas Lawton; Marsha E. Daras; Stephen H. Lawton; Nancy Lawton Cronin; David T. Lawton; T. Michael Lawton; Joanna J. Lawton; Suzanne M. Lawton, Plaintiffs, Appellees/Cross-Appellants, v. Robert NYMAN; Keith Johnson; Kenneth Nyman, Defendants, Appellants/Cross-Appellees, Nyman Manufacturing Co., Defendant, Cross-Appellee.

United States Court of Appeals, First Circuit.

Decided April 29, 2003.


Attorney(s) appearing for the Case

Robert Corrente with whom Brian C. Newberry and Hinckley, Allen & Snyder LLP were on brief, for appellants.

Karen Pelczarski with whom Staci L. Kolb and Blish & Cavanagh, LLP were on brief, for appellees.

Before SELYA, Circuit Judge, STAHL, Senior Circuit Judge, and LYNCH, Circuit Judge.


LYNCH, Circuit Judge.

Following trial, the district court found officers and directors with voting control of a closely held family corporation, Nyman Manufacturing Co., to be in breach of their state law fiduciary duties to minority shareholders whose shares the three had caused the corporation to redeem without making adequate disclosures. Robert Nyman, Kenneth Nyman, and Keith Johnson were held jointly and severally liable to nine Nyman family members for the total...

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