Corporate – Fiduciary duty – Minority owners
Where a defendant corporation has asserted a counterclaim against two plaintiff minority shareholders, the counterclaim must be dismissed because the facts alleged do not plausibly suggest that the plaintiffs owed the corporation any fiduciary duty. “Vijay and Jayapal Basani founded Cygilant, Inc. They owned a controlling interest in and helped run the company until 2019,
Source: masslawyersweekly.com