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RICHMOND v. AMERICAN SYSTEMS CORP.

Civ. No. 91-1930-A.

792 F.Supp. 449 (1992)

Frederick J. RICHMOND, et al., Plaintiffs, v. AMERICAN SYSTEMS CORPORATION, et al., Defendants.

United States District Court, E.D. Virginia, Alexandria Division.

May 1, 1992.

Attorney(s) appearing for the Case

Kenneth Carrington Bass, III, Venable, Baetjer and Howard, McLean, Va., for plaintiffs.

David Michael Sokolow, Washington, D.C., Ginger McGuffie, McGuffie & Handal, Vienna, Va., Mary Lou Soller, Miller & Chevalier, Chartered, Washington, D.C., Raymond Donald Battocchi, McLean, Va., Constantinos George Panagopoulos, Ballard, Spahr, Andrews & Ingersoll, Washington, D.C., for defendants.

MEMORANDUM OPINION

ELLIS, District Judge.

INTRODUCTION

Plaintiffs in this case are minority shareholders of a close corporation who sued the officers, directors, and controlling shareholders of the corporation in state court for alleged violations of state corporate laws establishing fiduciary duties directors, officers, and majority shareholders of close corporations owe minority shareholders and the corporation. Defendants removed to federal...

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