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Business Organizations Keyed to Cox
McCallum v. Rosen’s Diversified, Inc.
Citation:153 F.3d 701 (1998)
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- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- Brief Facts: A Synopsis of the Facts of the case.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Two brothers, Elmer and Ludwig Rosen, founded RDI as a livestock trading business. In January 1984, RDI hired McCallum as Executive Vice President and Chief Executive Officer. He was named a director in 1986. RDI rewarded McCallum with a bonus of $186,815 in cash and 12,000 shares of common stock in the company. In 1991, the relationship between McCallum and RDI deteriorated, resulting in McCallum’s termination and removal from the board. Subsequently, McCallum proposed that RDI redeem his shares for $5 million. The parties could not agree on a price. McCallum alleges that RDI’s controlling shareholders have acted unfairly prejudicial toward him.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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