MINOTTY v. BAUDO

Nos. 4D08-5090, 4D08-5091.

42 So.3d 824 (2010)

Paul V. MINOTTY, M.D., Appellant, v. Thomas A. BAUDO, M.D., Karen Todd, M.D., John Valids Zudans, M.D. and Florida Eye Institute, Appellees. Paul V. Minotty, M.D., Appellant, v. Thomas A. Baudo, M.D., Karen Todd, M.D., John Valids Zudans, M.D. and Florida Eye Institute, Appellees.

District Court of Appeal of Florida, Fourth District.

Rehearing Denied September 16, 2010.


Attorney(s) appearing for the Case

Marie Tomassi , Laura E. Prather and Brigid A. Merenda of Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, P.A., St. Petersburg, for appellant.

Jane Kreusler-Walsh and Rebecca Mercier Vargas of Kreusler-Walsh, Compiani & Vargas, P.A., West Palm Beach, Louis B. Vocelle, Jr. and Paul R. Berg of Vocelle & Berg, LLP, Vero Beach, and Lois O. Rosenbaum of Stoel Rives LLP, Portland, Oregon, for appellees.


WARNER, J.

Dr. Paul Minotty, the founding member of Florida Eye Institute, Inc., appeals an $8,000,000 judgment in a shareholders' derivative suit and individual judgments in excess of $2,000,000 in compensatory and punitive damages in favor of three doctors in the Eye Institute. We consolidate both appeals for purposes of this opinion. The judgments in the derivative suit were entered on claims of securities fraud, common law fraud, breach of fiduciary obligation...

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