"Not sure you want to go that rout during a trial where there are bitter feelings from the plaintiffs towards all those that harmed their company."
Who do you think has harmed this company, me or Fernandez?
Lax, the sale of DFI to TMMI is bad on all fronts. To sell a company that contains more than one shareholder, a vote must take place for that to happen and a quorum must be present for the vote to be legal. I believe DFI had more than 35 shareholders and (not certain) I would think that the other 33 shareholders totals would be more than Simpson or Haskins owned. Remember, all DFI shares were withdrawn and DFMI shares were given in their place.
Therefore, who was entitled to vote on selling DFI to TMMI? As said before, this stinks to high heaven. To exacerbate this situation, TMMI was fully aware of this and still did the purchase.
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