Bontempo v. Lare

Petitioner, a former employee and a minority shareholder in Quotient Inc., filed this action alleging that he had been oppressed by Clark Lare, whose shares together with those owned by his wife, Jodi Lare, were the majority interest in Quotient. The trial court found that Clark oppressed Petitioner by firing him for refusing to sell his shares. The court ordered an accounting and awarded Petitioner damages, unpaid corporate distributions, and attorneys’ fees. The court, however, declined to dissolve Quotient, to require Quotient to reinstate Petitioner as an employee, or to award other employment-related relief. The court also found that Petitioner failed to meet his burden of proving that Clark’s actions were fraudulent and accordingly declined to award punitive damages. The Court of Appeals affirmed, holding that the trial court did not abuse its discretion in deciding on appropriate relief. View "Bontempo v. Lare" on Justia Law