Jill B. Landrum and David Landrum v. Livingston Holdings, LLC, B&S MS Holdings, LLC, Los Robles Investment…

Summary

The Mississippi Supreme Court affirmed the trial court’s disqualification of Jill Landrum as a derivative plaintiff and its denial of expert testimony, but reversed and remanded the findings on fiduciary duty between B&S and Jill, the breach of contract claim under the Second MOU, and the award of attorneys’ fees. The Court applied a totality‑of‑circumstances analysis to derivative standing and held that the chancellor erred in interpreting the MOU’s remedies.