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The plaintiff, Euphemia Donahue, a minority stockholder in the Rodd Electrotype Company of New England, Inc. (Rodd Electrotype), a Massachusetts corporation, brings this suit against the directors of Rodd Electrotype, Charles H. Rodd, Frederick I. Rodd and Mr. Harold E. Magnuson, against Harry C. Rodd, a former director, officer, and ...
The plaintiff, Euphemia Donahue, a minority stockholder in the Rodd Electrotype Company of New England, Inc. (Rodd Electrotype), a Massachusetts corporation, brings this suit against the directors of Rodd Electrotype, Charles H. Rodd, Frederick I. Rodd and Mr. Harold E. Magnuson, against Harry C. Rodd, a former director, officer, and ...
The plaintiff, an eighteen per cent minority stockholder in a close Massachusetts corporation, has appealed from a final decree of the Superior Court dismissing her bill by which she sought, derivatively in behalf of the corporation, to secure a rescission of the corporation's purchase of a different eighteen per cent of its then outstanding ...
Euphemia Donahue sued Harry, Charles, and Frederick Rodd, as well as the third member of the board, for breaching fiduciary duties owed to her as a minority shareholder. She asked the court to rescind the corporation’s purchase of Harry Rodd’s stock.
Donahue (P) a minority stockholder who originally refused to ratify this action, offered to sell her holdings at the same price was denied. She (P) filed suit seeking to reverse the purchase and force Rodd (D) to repay the corporation with interest.
Donahue v. Rodd Electrotype Co. Supreme Judicial Court of Massachusetts 328 N.E.2d 505 (1975) Douglas K. Moll* I. Introduction For many years, the law’s regulation of internal disputes in closely held corporations was no different from the law’s regulation of such disputes in corporations generally. Due in
Cindy Schipani’s feminist judgment preserves the original opinion’s holding, but expands on the nature of the Donahue’s oppression – not just as a minority shareholder, but as a woman shut out of employment opportunities by virtue of class and gender.
