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GOB, LLC v. RAINBOW CANYON, INC.

No. S-08-0035.

197 P.3d 1269 (2008)

2008 WY 157

GOB, LLC, a Wyoming limited liability company, Appellant (Plaintiff), v. RAINBOW CANYON, INC., a Wyoming corporation; Gary L. Palmer; William Irvine; and Robert E. Deline, Appellees (Defendants).

Supreme Court of Wyoming.

December 31, 2008.

Attorney(s) appearing for the Case

Representing Appellant: Steven F. Freudenthal, Freudenthal & Bonds, PC, Cheyenne, Wyoming.

Representing Appellees: Joel M. Vincent, Vincent & Vincent, Riverton, Wyoming.

Before VOIGT, C.J., and GOLDEN, HILL, KITE, and BURKE, JJ.

BURKE, Justice.

[¶ 1] GOB, LLC, filed a derivative action against Rainbow Canyon, Inc., and three of its shareholders and directors, Gary Palmer, William Irvine, and Robert Deline. GOB asked the district court, inter alia, to void an agreement that Rainbow Canyon entered into with Tridem Minerals, LLC, which is solely owned by Mr. Deline. GOB alleged that the agreement was a conflict of interest transaction because of Mr. Deline's position within Rainbow...

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