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  5. 23 Cal.Rptr.3d 335 (2005)
 

PERSSON v. SMART INVENTIONS, INC.

Nos. B164418, B167179, B172749.

23 Cal.Rptr.3d 335 (2005)

125 Cal.App.4th 1141

Thomas PERSSON, Plaintiff and Respondent, v. SMART INVENTIONS, INC. et al., Defendants and Appellants.

Court of Appeals of California, Second District, Division 8.

Review Denied April 20, 2005.

Attorney(s) appearing for the Case

Akin Gump Strauss Hauer & Feld, Stephen R. Mick, Robert N. Treiman and Joanna H. Kim, Los Angeles, for Defendants and Appellants.

Law Offices of James R. Rosen, James R. Rosen, Beverly Hills, and Adela Carrasco for Plaintiff and Respondent.

BOLAND, J.

SUMMARY

Thomas Persson and Jon Nokes, both fifty percent shareholders in Smart Inventions, Inc., a corporation that marketed household consumer products, entered into a buyout agreement in which the corporation redeemed all of Persson's shares. On the day the agreement was executed, the corporation began test marketing of a product called the Tap Light, which was an instant success and generated millions of dollars in revenue. Persson filed this...

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