Court of Appeals of Georgia June 22, 1995, A95A0769 (Riddle-Bradley, Inc. v. Riddle)

Beasley, Chief Judge.

Riddle-Bradley, Inc., a wholesale and retail office supply business, negotiated a sale of substantially all the company’s assets to Danka Industries, Inc. Thereafter, minority shareholders Bradley Riddle, Sr. and Bradley Riddle, Jr. filed a derivative action alleging breach of fiduciary duties by the majority shareholder.