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DUNCAN v. MORENO ENERGY, INC.

No. 13-668.

129 So.3d 849 (2013)

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

Court of Appeal of Louisiana, Third Circuit.

Rehearing Denied January 30, 2014.

Attorney(s) appearing for the Case

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

Randy P. Angelle , Boyer, Hebert, Abels & Angelle, Breaux Bridge, LA, for Defendants/Appellees: William Rucks, IV, Ray Flores.

Donald L. Beckner , Baton Rouge, LA, for Plaintiff/Appellant: Robert Duncan.

Claude F. Reynaud, Jr. , Breazeale, Sachse & Wilson, L.L.P., Baton Rouge, LA, for Defendant/Appellee: Moreno Energy, Inc.

David M. Thorguson , Bourgeois Thorguson, L.L.C., Morgan City, LA, for Defendants/Appellee: Carolyn Blanchard, Michel B. Moreno.

Mark J. Mansfield , Dutel & Tranchina, LLC, Covington, LA, for Plaintiff/Appellee: Charles Hodges.

Court composed of ULYSSES GENE THIBODEAUX, Chief Judge, MARC T. AMY, and J. DAVID PAINTER, Judges.

AMY, Judge.

The plaintiff, a minority shareholder in a corporation, alleges that the majority shareholder, and others, breached fiduciary duties he alleges were owed to him as a shareholder. In particular, he contends that those actions resulted in the devaluation of his initial ownership interest in the corporation. The plaintiff additionally advanced causes of action in fraud and breach of contract. Following a bench trial, the trial court granted motions for involuntary...

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