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Business Organizations Keyed to Bouchoux
Donahue v. Rodd Electrotype Company of New England, Inc.
Citation:
328 N.E.2d 505 (Mass. 1975)Facts
Plaintiff, Euphemia Donahue, a minority stockholder in the Rodd Electrotype Company of New England, Inc., brings this suit against the directors of Rodd Electrotype, Charles H. Rodd, Federick Rodd and Harold E. Magnuson, against Harry C. Rodd, a former director, officer, and controlling shareholder of Rodd Electrotype and against Rodd Electrotype. Plaintiff seeks to rescind Rodd Electrotype’s purchase of Harry Rodd’s shares in Rodd Electrotype and to compel Harry Rodd to repay to the corporation the purchase price of said shares. Plaintiff alleges that the defendants caused the corporation to purchase the shares in violation of their fiduciary duty to her.
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Topic Resources
Topic Outline
Shareholders’ RightsTopic Refresher Course
Breach: Major and MinorTopic Charts & Notes
Parties Chart