Court Opinion

ID: 9664753
Source: CourtListenerOpinion
Date Created: 2023-08-24 00:28:25.87754+00
Date Added: 2024-06-11T18:15:09.640434
License: Public Domain

On Motion to Modify and for Rehearing
PER CURIAM.
In examining defendants-respondents’ motion to modify opinion and judgment and motion for a rehearing, we have seen that defendant trustees seem perturbed at what they term the inference that they in undertaking to sell part of the stock at Mayfair were acting fraudulently or were fraudulently conspiring to “squeeze out” the minority interests of Mayfair. The opinion is not to be so construed as to imply intentional wrongdoing on the part of the defendant trustees and their counsel. As stated in the principal opinion, the decisive question considered and decided was — “did the voting trustees have the power to sell part of the capital stock of Mayfair?” Our denial of attorneys’ fees to the voting trustees upon the facts of this case followed on our findings that the voting trustees were acting beyond their powers. In this connection, the part of the final paragraph directing an order dismissing the defendants’' counterclaims at their costs and without allowance of attorneys’ fees to defendant voting trustees is modified to read — “and to> enter an order dismissing the defendants’ counterclaims at their costs and without allowance of attorneys’ fees to defendant voting trustees in this case.” The motion for a rehearing is overruled.