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BLACKBURN v. TKT AND ASSOCIATES, INC.

No. 26822.

387 S.C. 589 (2010)

693 S.E.2d 919

Kent BLACKBURN and Alison R. Minnich, Petitioners, v. TKT AND ASSOCIATES, INC., Martha C. Carver, and Raymond T. Windham, Respondents. and TKT and Associates, Inc., Martha C. Carver, and Raymond T. Windham, Defendants/Cross-Claimants, v. Palmetto Medical Equipment of Florence, LLC and Palmetto Medical Equipment, Inc., Third Party Defendants.

Supreme Court of South Carolina.

Decided May 24, 2010.

Attorney(s) appearing for the Case

Louis D. Nettles, of Folkens & Jernigan, of Florence, for Petitioners.

J. Rene Josey and C. Pierce Campbell, both of Turner, Padget, Graham & Laney, of Florence, for Respondents.

Justice PLEICONES:

Two shareholders in a corporation sued for dissolution and damages based on their belief that two other shareholders were draining profits by taking excessive salaries from the corporation. The trial judge found in favor of the plaintiff shareholders and, rather than order dissolution, ordered the defendant shareholders to buy the shares of the plaintiff shareholders. An appraisal was conducted pursuant to the trial court's order but, in valuing...

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