No specific laws identified for this ruling.
Appellate court affirmed the trial court's finding of shareholder oppression and share redemption remedy, but the minority shareholder's appeal of the fair value determination, prejudgment interest, complete attorney's fees award, and unjust enrichment claim were not successful.
A minority shareholder in a close corporation brought a shareholder oppression claim. The trial court heard the claim in two phases. After the first phase, the trial court found that there was shareholder oppression by the majority shareholder and determined that redemption of the minority shareholder's shares was the appropriate remedy. After the second, the court found the fair value of the minority shareholder's shares. The court later awarded attorney's fees to the minority shareholder, but it failed to award fees associated with the second phase of trial. The court also denied the minority shareholder's request for prejudgment interest and dismissed an unjust enrichment claim. On appeal, the minority shareholder takes issue with the court's fair-value determination. He also claims that he was entitled to prejudgment interest, as well as attorney's fees for both phases of trial. And he argues that the court erred in dismissing his unjust enrichment claim. We affirm.
This summary was generated to explain the ruling in plain English and is not legal advice.
Contract Interlocutory appeal Interlocutory order Wage and Hour Act Unjust enrichment Jurisdiction Substantial right Inconsistent verdicts Two trials Alternative pleading Corporation Individual Employee Person N.C. Gen. Stat. § 95-25.
Plaintiff brought claims against Knox County and the County Clerk based on allegedly discriminatory employment practices. The trial court determined that Plaintiff committed serious discovery violations and imposed as a sanction the exclusion of certain evidence. With this evidence excluded, the trial court granted summary judgment to the Defendants. Plaintiff appeals, challenging the discovery sanction, the trial court's conclusion under the Tennessee Human Rights Act that the continuing violation doctrine did not apply, the trial court's conclusion that the Clerk was not individually liable, and the award of attorney's fees against the Plaintiff and her attorney. We affirm.
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