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HOUSE v. ESTATE OF EDMONDSON

245 S.W.3d 372 (2008)

J.O. HOUSE v. ESTATE OF J.K. EDMONDSON.

Supreme Court of Tennessee, at Memphis.

January 25, 2008.

Attorney(s) appearing for the Case

Tim Edwards, Memphis, Tennessee, and Kent J. Rubens, West Memphis, Arkansas, for the appellant, J.O. House.

Jef Feibelman, Memphis, Tennessee, for the appellee, Estate of J.K. Edmondson.

John McQuiston, II, Memphis, Tennessee, for the intervenor, Ram-Tenn, Inc.

James G. Stranch, III, Michael J. Wall, and Joe P. Leniski, Nashville, Tennessee, for the Amicus Curiae, The Plumbers and Pipefitters Local 572 Pension Fund.

OPINION

CORNELIA A. CLARK, J., delivered the opinion of the court, in which WILLIAM M. BARKER, C.J., and JANICE M. HOLDER and WILLIAM C. KOCH, JR., JJ., joined. GARY R. WADE, J., dissenting.

A minority shareholder in a closely held Tennessee corporation filed a derivative suit claiming that the company's majority shareholder, who also served as the corporation's president and chairman of its board of directors, misappropriated corporate funds. The minority...

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