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YATES v. HOLT-SMITH

No. 2008AP17.

768 N.W.2d 213 (2009)

2009 WI App 79

Kristin YATES, Plaintiff-Respondent-Cross-Appellant, v. Marilyn HOLT-SMITH, Defendant-Appellant-Cross-Respondent.

Court of Appeals of Wisconsin.

Opinion Filed May 14, 2009.

Attorney(s) appearing for the Case

On behalf of the defendant-appellant-cross-respondent, the cause was submitted on the briefs of Roberta F. Howell and Tony H. McGrath of Foley & Lardner LLP, Madison.

On behalf of the plaintiff-respondent-cross-appellant, the cause was submitted on the briefs of Donald K. Schott, Josephine K. Benkers and Jaime L. Hochhausen of Quarles & Brady LLP, Madison.

Before HIGGINBOTHAM, P.J., LUNDSTEN and BRIDGE, JJ.

¶ 1 BRIDGE, J.

This case involves a business dispute between Marilyn Holt-Smith and Kristin Yates, each of whom was an employee, officer, director, and shareholder in Holt-Smith & Yates Advisors, Inc. ("HSYA"). Holt-Smith appeals a money judgment by the circuit court based on the court's ruling that, as a director of HSYA, she breached a fiduciary duty owed to Yates as a shareholder by withholding a year-end "bonus" from Yates for 2005, and that her actions...

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