BEDORE v. FAMILIAN

No. 42075.

125 P.3d 1168 (2006)

Rory BEDORE, on Behalf of Himself, and on Behalf of Silver State Gaming, Inc., a Nevada Corporation, Appellant/Cross-Respondent, v. Bruce FAMILIAN, an Individual; Jon Athey, an Individual; and Silver State Gaming, a Nevada Corporation, Respondents/Cross-Appellants.

Supreme Court of Nevada.

January 19, 2006.


Attorney(s) appearing for the Case

Bailey Merrill and John R. Bailey and David J. Merrill, Las Vegas, for Appellant/Cross-Respondent.

Beckley Singleton, Chtd., and Daniel F. Polsenberg and Beau Sterling, Las Vegas; Curran & Parry and Stanley W. Parry and Joshua H. Reisman, Las Vegas, for Respondents/Cross-Appellants.

Before MAUPIN, GIBBONS and HARDESTY, JJ.


OPINION

GIBBONS, J.

In this appeal and cross-appeal, we consider whether the district court has authority to order a corporate buy-out as the result of a breach of fiduciary duty and the appropriate grounds for a corporation's indemnification of its directors. We conclude that while the district court has authority to direct corporate buy-outs, it abused its discretion in doing so based on the facts of this case. Before ordering a corporate buy-out...

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