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DUNCAN v. MORENO ENERGY, INC.

No. 09-1033.

32 So.3d 1099 (2010)

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

Court of Appeal of Louisiana, Third Circuit.

March 10, 2010.

Attorney(s) appearing for the Case

Edward P. Landry, Landry, Watkins, Repaske & Breaux, New Iberia, LA, for Plaintiff/Appellant, Robert Duncan.

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

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

David M. Thorguson, Lippman, Mahfouz, Tranchina & Thorguson, L.L.C., Morgan City, LA, for Defendants/Appellees, Carolyn Blanchard, Michael B. Moreno.

Randy P. Angelle, Bernard & Angelle, Lafayette, LA, for Defendants/Appellees, Wayne May, Robert N. Crown, Emile Dumesnil, William Rucks, IV, William Rucks, III, Charles Kilgore, Ray Flores.

Court composed of JOHN D. SAUNDERS, MARC T. AMY and J. DAVID PAINTER, Judges.

AMY, Judge.

Two minority shareholders sought damages from the defendant corporation and two of its directors, among others, related to their ouster from a predecessor corporation. The trial court granted the defendants' partial motion for summary judgment, determining that, to the extent the plaintiffs could prove damages to the value of their stock in the predecessor corporation, their pecuniary damages would be limited to the difference between the amount they were...

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