Opinion ID: 2151353
Heading Depth: 1
Heading Rank: 8

Heading: dissolution and accounting

Text: Woodward next argues that the district court erred in failing to dissolve the corporation. Woodward argues that after March 29, 1993, Andersen breached her fiduciary duties and engaged in oppressive conduct. In particular, Woodward alleges that Andersen mismanaged the corporation, failed to hold shareholders' meetings, failed to retain him as an officer of the corporation, and wrongfully withdrew funds from the corporation in order to pay attorney fees. Woodward argues that the corporation is deadlocked and must be dissolved. The district court concluded that Andersen had the authority and discretion to operate the corporation without consulting Woodward, that she had done nothing to diminish the value of the corporation, and that she had done nothing that rose to the level of violating the shareholder agreement. The district court found Andersen's assertions of unreasonable conduct on the part of Woodward to be quite credible and were corroborated by Woodward's vague responses at trial. The court then concluded that Woodward had failed to meet his burden of proof on all claims.