Joan L. Robinson, Respondent/Cross-Appellant v. John F. Langenbach, Judy Lanfri f/k/a Judy Longbrook, and Perma-Jack…

Summary

The Court affirmed the judgment awarding Robinson damages for breach of fiduciary duty and requiring a buyout of her shares based on shareholder oppression. It held that her claim was a direct shareholder claim, not a wrongful-termination claim, and that the evidence supported the jury's finding that the controlling directors acted in bad faith. The Court also upheld the valuation methodology, including the valuation date and discounts, and found no abuse of discretion in denying prejudgment interest or attorney's fees.