Moore v. Carney Book Reviews

Moore v. Carney by Court of Appeals of Michigan Book Summary

Marion Moore brought an action, as a minority shareholder of Woodhaven Fourth Corporation, against John R. Carney, Raymond W. Rebandt, and Patrick J. Keating, the directors of the corporation, and against the corporation itself, seeking dissolution of the corporation and to have her interest in the corporation bought out. It was the claim of plaintiff that the defendant directors were guilty of several acts or omissions in management which were oppressive and unjust toward plaintiff. The Wayne Circuit Court, George E. Bowles, J., entered a judgment ordering defendants Carney, Rebandt and Woodhaven Fourth Corporation to purchase the plaintiff's stock and awarding her attorney fees against the corporation only. The plaintiff appeals the trial court's denial of interest on the judgment from the date of filing the complaint and the deletion of defendant director Keating from the judgment. The defendants Carney and Rebandt cross-appeal, challenging the award of attorney fees. Held : 1. The judgment requiring the purchase of the plaintiff's stock was not a ""money judgment"" as that term is used in the statute regarding interest, but rather was a part of an equitable remedy. The denial of interest from the date of filing the complaint was proper.

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Moore v. Carney (Court of Appeals of Michigan) Book Reviews 2024

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