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DUNCAN v. MORENO ENERGY, INC.

No. CA 08-786.

1 So.3d 778 (2008)

Robert DUNCAN, et al. v. MORENO ENERGY, INC., et al.

Court of Appeal of Louisiana, Third Circuit.

Rehearing Denied February 4, 2009.

Attorney(s) appearing for the Case

Edward Paul Landry, Landry & Watkins, New Iberia, LA, for Plaintiff/Appellant, Robert Duncan.

Bernard E. Boudreaux, Jr., Breazeale, Sachse & Wilson, Baton Rouge, LA, for Defendants/Appellees, Michael B. Moreno, Carolyn Blanchard, Moreno Energy, Inc.

James Ray McClelland, Aycock, Horne & Coleman, Franklin, LA, for Defendants/Appellees, Wayne May, Robert N. Crown, Emile Dumesnil, Charles Kilgore, William Rucks, III, William Rucks, IV, Ray Flores.

David Michael Thorguson, Lippman, Mahfouz & Martin, Morgan City, LA, for Defendants/Appellees, Carolyn Blanchard, Michael B. Moreno.

Mark J. Mansfield, Dutel & Tranchina, LLC, Covington, LA, for Plaintiff/Appellant, Charlie Hodges.

Court composed of JOHN D. SAUNDERS, BILLY HOWARD EZELL, and J. DAVID PAINTER, Judges.

SAUNDERS, Judge.

This is a case wherein two minority shareholders filed suit directly against two former board members/officers of a corporation that has ceased to exist as it was merged with a newly formed parent corporation via a short-form merger under La. R.S. 12:112(G). The disgruntled shareholders alleged, inter alia, that the former board members/officers breached their fiduciary duties to them and committed fraudulent actions upon them.

The...

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