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FISHER v. GROVE FARM CO., INC.

Nos. 28626, 28772.

230 P.3d 382 (2009)

Ralph Hart FISHER, Sally W. Fisher, Carla N. Jordan, Catherine Anne Moore-Airth, Guy St. Clair Combs, Robert B. Jordan, Michael T. Jordan, Kristen J. La Dow, Anthony Hart Fisher, Jonathan Fisher, Timothy Wilcox Fisher, Scott Michael St. Clair Combs Trust, Martha Combs Trust, Marian Wilcox Combs, and Guy St Clair Combs III Irrevocable Trust, Plaintiffs-Appellants/Cross-Appellees, and Keith Tsukamoto and Michael Sheehan, Plaintiffs-Cross-Appellants/Cross-Appellees, v. The GROVE FARM COMPANY, INCORPORATED, a Hawai`i corporation, ALPS Acquisition Sub, Inc., Hugh W. Klebahn, Daniel H. Case, and Does 1-10, Defendants-Appellees/Cross-Appellees, and Donn A. Carswell, Pamela W. Dohrman, Robert D. Mullins, William D. Pratt, and Randolph G. Moore, Defendants-Appellees/Cross-Appellants/Cross-Appellees and Keith Tsukamoto, Ralph Hart Fisher, Sally W. Fisher, Carla N. Jordan, Catherine Anne Moore-Airth, Guy St. Clair Combs, Robert B. Jordan, Michael T. Jordan, Kristen J. La Dow, Anthony Hart Fisher, Jonathan Fisher, Timothy Wilcox Fisher, Michael Sheehan, Scott Michael St. Clair Combs Trust, Martha Combs Trust, Marian Wilcox Combs, and Guy St Clair Combs III Irrevocable Trust, Plaintiffs-Appellants, v. The Grove Farm Company, Incorporated, a Hawai`i corporation, ALPS Acquisition Sub, Inc., Hugh W. Klebahn, Donn A. Carswell, Pamela W. Dohrman, Robert D. Mullins, William D. Pratt, Randolph G. Moore, Daniel H. Case, and Does 1-10, Defendants-Appellees.

Intermediate Court of Appeals of Hawai`i.

December 29, 2009.

Attorney(s) appearing for the Case

Damon M. Senaha, Matthew H. Simmons, on the briefs, for Plaintiffs-Appellants/Cross-Appellees.

Richard E. Wilson, Honolulu, on the briefs, for Plaintiffs-Cross-Appellants/Cross-Appellees Keith Tsukamoto and Michael Sheehan.

Corey Y.S. Park, Pamela W. Bunn (Paul Johnson Park & Niles), Honolulu, on the briefs, for (1) Defendants-Appellees/Cross-Appellants/Cross-Appellees Don A. Carswell, Pamela W. Dohrman, Robert D. Mullins, William D. Pratt, and Randolph G. Moore on the Opening Brief in Their Cross-Appeal; and (2) Defendants-Appellees/Cross-Appellees The Grove Farm Company, Incorporated and Hugh W. Klebahn, and Defendants-Appellees/Cross-Appellants/Cross-Appellees Don A. Carswell, Pamela W. Dohrman, Robert D. Mullins, William D. Pratt, and Randolph G. Moore on the Answering Brief for Tsukamoto and Sheehan's Appeal.

Gary G. Grimmer, Steven M. Egesdal, John P. Dobrovich Jr. (Carlsmith Ball LLP), Honolulu, on the briefs, for Defendant-Appellee Daniel H. Case.

WATANABE, Presiding J., FOLEY, J., and Circuit Judge AHN, in Place of NAKAMURA, C.J., FUJISE and LEONARD, JJ., All Recused.

Opinion of the Court by FOLEY, J.

These consolidated appeals stem from a challenge by minority shareholders to a December 1, 2000 acquisition of cash-strapped Defendant-Appellee/Cross-Appellee Grove Farm Company, Incorporated (Grove Farm) by Defendant-Appellee/Cross-Appellee ALPS Acquisition Sub, Inc. (ALPS Acquisition or ALPS), a company owed by Stephen M. Case (Stephen Case), the son of Defendant-Appellee Daniel H. Case (Daniel Case), a partner in the Hawai`i law...

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