Rael & Letson v. Clark CA4/14
Rael & Letson (R&L or the company) brought this action against defendants Michael Clark and the Clark Family Partnership (CFP), alleging Clark, the company’s chief executive officer (CEO), misappropriated more than $3,000,000 in company funds under the guise of business expenses. Most of the R&L’s causes of action were presented to a jury, but the court decided R&L’s cause of action for breach of the duty of loyalty.
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