Okafor v. Anadi
Plaintiffs are members of a California nonprofit public benefit corporation. They filed a derivative action against several corporate officers for conversion of corporate funds and related claims. Following a bench trial, the court entered judgment for plaintiffs and ordered defendants to reimburse the funds owed to the corporation. The court also issued an injunction requiring defendants to relinquish their positions with the corporation; cease acting as officers or directors of the corporation; turn over the books, records, and financial accounts necessary to manage the corporation; and cease interfering with the lawful operation of the corporation.
In this appeal from the judgment, defendants contend plaintiffs lack standing, the judgment is not supported by substantial evidence, and the trial court erred by failing to honor a settlement agreement entered by the parties before judgment was entered. Finding no error, we affirm. The motion for sanctions on appeal is denied
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