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POUNDS v. BROWN

No. A10A0497.

695 S.E.2d 66 (2010)

POUNDS et al. v. BROWN et al.

Court of Appeals of Georgia.

April 13, 2010.

Attorney(s) appearing for the Case

Carr & Palmer, W. Pitts Carr, Atlanta, Dupree & Kimbrough, Hylton B. Dupree, Jr., Marietta, for appellants.

Schreeder, Wheeler & Flint, David H. Flint, Brock, Clay, Calhoun & Rogers, Harbert S. Gregory, Jr., Weinstock & Scavo, Michael Weinstock, Richard V. Merritt, Akin & Tate, S. Lester Tate III, Cartersville, Parker, Hudson, Rainer & Dobbs, Leo E. Reichert, Sutherland, Asbill & Brennan, F. Barry McCabe, King & Spalding, Dwight J. Davis, Atlanta, Awtrey & Parker, Robert B. Silliman, Marietta, for appellee.

JOHNSON, Presiding Judge.

Edgar Pounds and several other members of Cobb Electric Membership Corporation filed a derivative action against Cobb EMC, its President and CEO, and the members of its Board of Directors, generally alleging causes of action for breach of fiduciary duty, abuse of control, gross mismanagement, waste of corporate assets, and unjust enrichment. The parties later entered into a Joint Proposal for Resolution...

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