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Business Organizations Keyed to Bauman
In re Fuqua Industries, Inc. Shareholder Litigation
Citation:752 A.2d 126 (Del.Ch. 1999).
Mrs. Abrams held Fuqua shares for over 30 years ranging from 12,008 shares to 8,000 shares. During litigation, Mrs. Abrams fell ill and acknowledging that her memory has suffered was only able to recall a very basic understanding of her claims.
Mr. Freberg held 25 shares on Fuqua stock. Defendants alleged that prior to a “cram” session before his deposition, Mr. Freberg had no knowledge of the lawsuit because he had no real economic interest at stake. Rather, he was a puppet for fee-hungry lawyers.
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