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KLINE HAWKES CAL. SBIC v. SUPERIOR COURT

No. B169199

11 Cal.Rptr.3d 581 (2004)

117 Cal.App.4th 183

KLINE HAWKES CALIFORNIA SBIC, L.P., et al., Petitioners, v. SUPERIOR COURT of the State of California County of Los Angeles, Respondent; Idealab, et al., Real Parties in Interest.

Court of Appeals of California, Second District, Division 8

March 29, 2004

Attorney(s) appearing for the Case

Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro, Louis R. Miller, Los Angeles; Vinson & Elkins and Gary Ewell, Austin, TX, for Petitioners.

No appearance by Respondent.

Irell & Manella, Gregory R. Smith, David Siegel, Daniel P. Lefler and Charles Elder, Los Angeles, for Real Parties in Interest Idealab, Robert Kavner, and Benjamin M. Rosen.

FLIER, J.

Petitioners filed an action against real parties in interest, including Idealab, Inc., for breach of fiduciary duty, removal of directors, inspection of corporate books and records, breach of contract and fraud. In the fourth cause of action of the third amended complaint, petitioners seek the dissolution and liquidation of Idealab. Petitioners allege that they are owners of 7.25 million Series D preferred...

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